Weiss Ratings Reiterates Buy (B-) Rating for Bel Fuse (NASDAQ:BELFB)

Key Points

• Weiss Ratings has reiterated a "buy (B-)" rating for Bel Fuse (NASDAQ:BELFB), highlighting ongoing positive sentiment among analysts.
• Bel Fuse's stock price recently reached $157.00, with a market cap of $1.99 billion and a consensus rating of "Buy" from seven analysts.
• Major investments are being made by institutional investors, with CWM LLC increasing its holdings by 147.1% in the first quarter, indicating strong interest in the stock.

Bel Fuse (NASDAQ:BELFB - Get Free Report)'s stock had its "buy (b-)" rating restated by research analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the company. Oppenheimer boosted their price target on Bel Fuse from $140.00 to $175.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 16th. Northland Securities boosted their price target on Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Wall Street Zen downgraded Bel Fuse from a "strong-buy" rating to a "buy" rating in a research report on Saturday, October 18th. Needham & Company LLC lifted their price objective on Bel Fuse from $116.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, July 25th. Finally, Robert W. Baird lifted their price objective on Bel Fuse from $154.00 to $162.00 and gave the stock an "outperform" rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $138.40.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB traded up $2.10 during trading on Friday, hitting $157.00. 129,411 shares of the stock were exchanged, compared to its average volume of 119,343. The company has a fifty day moving average price of $141.79 and a two-hundred day moving average price of $107.35. The company has a market cap of $1.99 billion, a PE ratio of 38.48, a P/E/G ratio of 1.80 and a beta of 1.55. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. Bel Fuse has a 12-month low of $57.99 and a 12-month high of $159.75.

Insiders Place Their Bets

In related news, insider Stephen Dawson sold 1,200 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $127.07, for a total value of $152,484.00. Following the transaction, the insider directly owned 14,265 shares of the company's stock, valued at approximately $1,812,653.55. This trade represents a 7.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of Bel Fuse stock in a transaction on Friday, August 1st. The shares were sold at an average price of $128.00, for a total value of $243,200.00. Following the completion of the transaction, the vice president owned 10,255 shares in the company, valued at $1,312,640. The trade was a 15.63% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.37% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BELFB. CWM LLC boosted its holdings in Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 228 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Bel Fuse in the second quarter valued at $50,000. State of Alaska Department of Revenue acquired a new position in Bel Fuse in the third quarter valued at $78,000. BNP Paribas Financial Markets boosted its holdings in Bel Fuse by 60.0% in the second quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker's stock valued at $98,000 after acquiring an additional 375 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Bel Fuse by 437.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker's stock worth $101,000 after purchasing an additional 845 shares during the period. Institutional investors and hedge funds own 58.39% of the company's stock.

About Bel Fuse

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.

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