Tectonic Advisors LLC Purchases 7,922 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Tectonic Advisors LLC lifted its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 80.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,742 shares of the electronics maker's stock after purchasing an additional 7,922 shares during the quarter. Tectonic Advisors LLC owned approximately 0.14% of Bel Fuse worth $1,393,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Beach Investment Counsel Inc. PA acquired a new position in shares of Bel Fuse during the 2nd quarter worth $25,000. nVerses Capital LLC acquired a new position in Bel Fuse in the 3rd quarter valued at $39,000. Comerica Bank grew its stake in Bel Fuse by 223.7% in the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker's stock valued at $45,000 after buying an additional 510 shares during the last quarter. Rhumbline Advisers grew its stake in Bel Fuse by 4.9% in the 2nd quarter. Rhumbline Advisers now owns 16,766 shares of the electronics maker's stock valued at $1,094,000 after buying an additional 787 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Bel Fuse by 10.5% in the 2nd quarter. Principal Financial Group Inc. now owns 8,631 shares of the electronics maker's stock valued at $563,000 after buying an additional 823 shares during the last quarter. Institutional investors and hedge funds own 58.39% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BELFB. StockNews.com upgraded shares of Bel Fuse from a "hold" rating to a "buy" rating in a research note on Thursday, August 1st. Needham & Company LLC raised their price target on shares of Bel Fuse from $68.00 to $79.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Northland Securities raised their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 1st. Finally, Northland Capmk upgraded shares of Bel Fuse from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 5th.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB traded up $0.02 during midday trading on Friday, reaching $78.54. 61,764 shares of the company's stock were exchanged, compared to its average volume of 93,181. The company's 50 day simple moving average is $74.03 and its two-hundred day simple moving average is $67.82. The firm has a market capitalization of $991.17 million, a PE ratio of 13.22 and a beta of 1.34. Bel Fuse Inc. has a 12 month low of $43.60 and a 12 month high of $85.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.76 and a current ratio of 4.19.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.58. The company had revenue of $133.21 million during the quarter, compared to the consensus estimate of $130.27 million. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. During the same period last year, the firm earned $1.95 EPS. Equities research analysts expect that Bel Fuse Inc. will post 4.52 earnings per share for the current fiscal year.

Bel Fuse Company 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.