Bel Fuse (NASDAQ:BELFB) Lowered to "Market Perform" at Northland Securities

Bel Fuse (NASDAQ:BELFB - Get Free Report) was downgraded by investment analysts at Northland Securities from an "outperform" rating to a "market perform" rating in a report released on Thursday, MarketBeat Ratings reports. They currently have a $63.00 price objective on the electronics maker's stock. Northland Securities' price target suggests a potential upside of 7.56% from the stock's current price.

Several other equities analysts have also recently commented on BELFB. StockNews.com upgraded shares of Bel Fuse from a "hold" rating to a "buy" rating in a report on Friday, April 26th. Needham & Company LLC decreased their price objective on shares of Bel Fuse from $70.00 to $68.00 and set a "buy" rating for the company in a report on Monday.

Bel Fuse Price Performance

NASDAQ:BELFB traded up $0.08 during midday trading on Thursday, hitting $58.57. 72,373 shares of the stock were exchanged, compared to its average volume of 118,750. Bel Fuse has a one year low of $39.13 and a one year high of $74.75. The company has a market capitalization of $747.35 million, a price-to-earnings ratio of 9.85 and a beta of 1.46. The business has a 50-day moving average price of $57.34 and a two-hundred day moving average price of $58.91. The company has a current ratio of 4.21, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.07). Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. The company had revenue of $140.01 million during the quarter, compared to the consensus estimate of $152.86 million. Sell-side analysts predict that Bel Fuse will post 4.7 EPS for the current year.

Insider Activity at Bel Fuse

In other Bel Fuse news, Director Vincent Vellucci sold 1,000 shares of Bel Fuse stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total transaction of $56,700.00. Following the completion of the sale, the director now owns 7,392 shares of the company's stock, valued at approximately $419,126.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.37% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Bel Fuse

Hedge funds and other institutional investors have recently made changes to their positions in the company. Covestor Ltd increased its stake in Bel Fuse by 26.5% in the 3rd quarter. Covestor Ltd now owns 1,012 shares of the electronics maker's stock valued at $48,000 after buying an additional 212 shares during the last quarter. Toronto Dominion Bank acquired a new position in shares of Bel Fuse during the 3rd quarter worth about $48,000. New York State Teachers Retirement System increased its stake in shares of Bel Fuse by 373.5% during the 1st quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker's stock worth $57,000 after purchasing an additional 747 shares during the last quarter. Tucker Asset Management LLC acquired a new position in Bel Fuse in the 3rd quarter valued at about $59,000. Finally, AJOVista LLC acquired a new position in Bel Fuse in the 4th quarter valued at about $73,000. 58.39% of the stock is owned by institutional investors.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.