Massachusetts Financial Services Co. MA Makes New Investment in Bel Fuse Inc. (NASDAQ:BELFB)

Massachusetts Financial Services Co. MA bought a new position in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 57,174 shares of the electronics maker's stock, valued at approximately $4,280,000. Massachusetts Financial Services Co. MA owned 0.46% of Bel Fuse as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of BELFB. Janus Henderson Group PLC lifted its holdings in Bel Fuse by 55.4% in the 4th quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker's stock worth $32,821,000 after buying an additional 141,951 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Bel Fuse by 10.6% during the 4th quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker's stock valued at $29,009,000 after buying an additional 33,768 shares during the last quarter. Advisory Research Inc. boosted its stake in shares of Bel Fuse by 27.4% during the 4th quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker's stock valued at $25,850,000 after buying an additional 67,460 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Bel Fuse by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 292,020 shares of the electronics maker's stock valued at $24,088,000 after buying an additional 2,722 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new position in shares of Bel Fuse during the 1st quarter valued at approximately $19,007,000. Hedge funds and other institutional investors own 58.39% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BELFB shares. Craig Hallum started coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They set a "buy" rating and a $115.00 price objective for the company. Northland Securities increased their target price on Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, June 30th. Robert W. Baird began coverage on Bel Fuse in a research report on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 target price on the stock. Baird R W raised Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Finally, Oppenheimer set a $125.00 price target on Bel Fuse and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $106.60.

Bel Fuse Stock Up 1.0%

Shares of BELFB traded up $1.07 during mid-day trading on Wednesday, hitting $107.07. 177,863 shares of the company's stock were exchanged, compared to its average volume of 91,329. The firm has a fifty day moving average of $87.98 and a two-hundred day moving average of $80.24. Bel Fuse Inc. has a twelve month low of $58.00 and a twelve month high of $108.49. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 31.13, a P/E/G ratio of 1.51 and a beta of 1.51. The company has a quick ratio of 1.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.76.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.50. Bel Fuse had a return on equity of 12.38% and a net margin of 7.69%. The firm had revenue of $152.24 million during the quarter, compared to analyst estimates of $147.93 million. On average, sell-side analysts forecast that Bel Fuse Inc. will post 4.63 earnings per share for the current year.

Insider Activity at Bel Fuse

In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of the company's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $84.03, for a total value of $336,120.00. Following the completion of the transaction, the vice president directly owned 12,155 shares in the company, valued at approximately $1,021,384.65. This represents a 24.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.37% of the company's stock.

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.