Transmarket Holdings LP Purchases 10,022 Shares of Bel Fuse Inc. $BELFA

Key Points

• Transmarket Holdings LP purchased 10,022 Bel Fuse shares worth approximately $1.98 million in the third quarter, making BELFA about 1.1% of its portfolio. Institutional investors collectively own 6.01% of the company.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and a $250 price target, despite Weiss Ratings downgrading the stock’s hold rating and Citigroup initiating coverage with a buy rating.
• Bel Fuse exceeded quarterly expectations, reporting $2.76 in earnings per share versus a $2.34 estimate and revenue of $210.69 million versus $206.39 million expected. The stock recently opened at $180.15, well below its 52-week high of $293.51.

Transmarket Holdings LP bought a new stake in Bel Fuse Inc. (NASDAQ:BELFA - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,022 shares of the scientific and technical instruments company's stock, valued at approximately $1,982,000. Bel Fuse comprises approximately 1.1% of Transmarket Holdings LP's investment portfolio, making the stock its 18th biggest position.

A number of other large investors also recently made changes to their positions in BELFA. State Street Corp lifted its position in Bel Fuse by 55.4% during the second quarter. State Street Corp now owns 44,736 shares of the scientific and technical instruments company's stock worth $13,028,000 after buying an additional 15,946 shares during the period. Sei Investments Co. boosted its holdings in shares of Bel Fuse by 110.2% in the 1st quarter. Sei Investments Co. now owns 9,681 shares of the scientific and technical instruments company's stock valued at $1,745,000 after purchasing an additional 5,076 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Bel Fuse by 62.3% in the 1st quarter. Renaissance Technologies LLC now owns 68,253 shares of the scientific and technical instruments company's stock valued at $12,299,000 after purchasing an additional 26,200 shares during the last quarter. Strs Ohio acquired a new position in shares of Bel Fuse in the 1st quarter valued at $396,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Bel Fuse during the 3rd quarter valued at $100,000. Hedge funds and other institutional investors own 6.01% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings lowered Bel Fuse from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 26th. Citigroup initiated coverage on shares of Bel Fuse in a research report on Monday, July 13th. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $250.00.

Bel Fuse Trading Up 2.3%

Bel Fuse stock opened at $180.15 on Thursday. Bel Fuse Inc. has a 52 week low of $114.02 and a 52 week high of $293.51. The stock has a market cap of $2.60 billion, a P/E ratio of 46.07 and a beta of 1.37. The stock has a 50 day moving average of $195.92 and a 200-day moving average of $215.47.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.34 by $0.42. The business had revenue of $210.69 million for the quarter, compared to analysts' expectations of $206.39 million. Bel Fuse had a net margin of 7.21% and a return on equity of 20.55%.

Insider Activity at Bel Fuse

In related news, Director Peter E. Gilbert sold 500 shares of the company's stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total transaction of $146,060.00. Following the sale, the director directly owned 750 shares of the company's stock, valued at approximately $219,090. This represents a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Vincent Vellucci sold 393 shares of the company's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $243.61, for a total value of $95,738.73. Following the sale, the director directly owned 8,434 shares in the company, valued at approximately $2,054,606.74. This represents a 4.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 4.75% of the stock is currently owned by company insiders.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures and markets products that support power management, circuit protection, connectivity and signal transmission. Its portfolio includes fuses and other circuit-protection devices, power supplies, DC-DC converters, magnetics, connectors, cable assemblies and discrete components used in electronic systems.

The company serves a range of markets, including networking and telecommunications, data centers, consumer electronics, automotive, medical, industrial, aerospace and defense applications.

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