Hodges Capital Management Inc. Increases Stake in Bel Fuse Inc. (NASDAQ:BELFB)

Hodges Capital Management Inc. increased its position in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 38.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,645 shares of the electronics maker's stock after acquiring an additional 28,860 shares during the quarter. Hodges Capital Management Inc. owned about 0.83% of Bel Fuse worth $8,630,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Bel Fuse by 319.5% in the third quarter. Barclays PLC now owns 16,008 shares of the electronics maker's stock valued at $1,257,000 after buying an additional 12,192 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Bel Fuse by 26.5% in the third quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker's stock valued at $3,166,000 after acquiring an additional 8,442 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Bel Fuse by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker's stock valued at $22,716,000 after acquiring an additional 6,250 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Bel Fuse by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 30,387 shares of the electronics maker's stock valued at $2,386,000 after acquiring an additional 2,793 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its stake in Bel Fuse by 80.7% during the 3rd quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker's stock worth $1,393,000 after purchasing an additional 7,922 shares during the period. Institutional investors and hedge funds own 58.39% of the company's stock.

Bel Fuse Trading Up 1.2 %

BELFB traded up $1.00 during mid-day trading on Thursday, hitting $81.15. The stock had a trading volume of 70,388 shares, compared to its average volume of 83,170. Bel Fuse Inc. has a 1-year low of $45.74 and a 1-year high of $92.61. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. The stock's fifty day simple moving average is $82.04 and its 200-day simple moving average is $76.33.

Insider Buying and Selling at Bel Fuse

In related news, VP Joseph Francis Berry sold 1,000 shares of the firm's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the transaction, the vice president now owns 8,023 shares in the company, valued at approximately $644,246.90. This trade represents a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen Dawson sold 1,500 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $77.65, for a total value of $116,475.00. Following the transaction, the insider now directly owns 14,832 shares of the company's stock, valued at approximately $1,151,704.80. The trade was a 9.18 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.37% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. StockNews.com downgraded shares of Bel Fuse from a "strong-buy" rating to a "buy" rating in a report on Wednesday, January 29th. Oppenheimer initiated coverage on Bel Fuse in a research report on Tuesday, December 17th. They set an "outperform" rating and a $105.00 price target on the stock. Finally, Needham & Company LLC boosted their target price on Bel Fuse from $79.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, November 18th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $98.33.

Bel Fuse Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.