Research analysts at Needham & Company LLC assumed coverage on shares of Bel Fuse (NASDAQ:BELFB) in a research report issued on Wednesday, Marketbeat reports. The firm set a “buy” rating and a $16.00 price target on the electronics maker’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 8.55% from the company’s current price.
Several other analysts have also weighed in on BELFB. BidaskClub lowered shares of Bel Fuse from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 14th. ValuEngine upgraded shares of Bel Fuse from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th.
Shares of Bel Fuse stock traded up $0.17 during trading on Wednesday, hitting $14.74. 611 shares of the company’s stock traded hands, compared to its average volume of 57,782. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.23 and a quick ratio of 1.87. The firm’s fifty day moving average price is $12.27 and its 200 day moving average price is $19.12. Bel Fuse has a twelve month low of $9.03 and a twelve month high of $29.00. The company has a market cap of $155.66 million, a PE ratio of 9.09 and a beta of 1.41.
Bel Fuse (NASDAQ:BELFB) last issued its earnings results on Thursday, August 1st. The electronics maker reported $0.03 earnings per share for the quarter. Bel Fuse had a net margin of 3.59% and a return on equity of 9.48%. The business had revenue of $127.42 million for the quarter.
In other news, Director Peter E. Gilbert purchased 5,000 shares of Bel Fuse stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $10.52 per share, for a total transaction of $52,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.37% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in BELFB. BNP Paribas Arbitrage SA lifted its position in shares of Bel Fuse by 506.5% during the first quarter. BNP Paribas Arbitrage SA now owns 2,044 shares of the electronics maker’s stock worth $52,000 after purchasing an additional 1,707 shares in the last quarter. Metropolitan Life Insurance Co NY bought a new stake in shares of Bel Fuse during the first quarter worth approximately $84,000. Municipal Employees Retirement System of Michigan raised its stake in shares of Bel Fuse by 123.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 6,600 shares of the electronics maker’s stock worth $114,000 after buying an additional 3,650 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Bel Fuse during the first quarter worth approximately $116,000. Finally, Alambic Investment Management L.P. raised its stake in shares of Bel Fuse by 15.4% during the second quarter. Alambic Investment Management L.P. now owns 10,925 shares of the electronics maker’s stock worth $188,000 after buying an additional 1,459 shares during the last quarter. Institutional investors own 62.56% of the company’s stock.
About Bel Fuse
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
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