Shares of Bel Fuse, Inc. (NASDAQ:BELFB) have earned a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation.
Zacks has also given Bel Fuse an industry rank of 187 out of 255 based on the ratings given to related companies.
Several research firms recently issued reports on BELFB. BidaskClub cut Bel Fuse from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. ValuEngine upgraded shares of Bel Fuse from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th.
Shares of BELFB stock opened at $25.13 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.89 and a quick ratio of 1.76. Bel Fuse has a 1 year low of $16.58 and a 1 year high of $29.00. The company has a market capitalization of $318.61 million, a P/E ratio of 20.76 and a beta of 1.23.
Several hedge funds and other institutional investors have recently made changes to their positions in BELFB. Dimensional Fund Advisors LP grew its holdings in shares of Bel Fuse by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 827,004 shares of the electronics maker’s stock worth $21,916,000 after purchasing an additional 4,506 shares during the last quarter. Bailard Inc. bought a new position in Bel Fuse in the third quarter valued at approximately $495,000. Acadian Asset Management LLC bought a new position in shares of Bel Fuse during the 3rd quarter worth approximately $113,000. BlackRock Inc. lifted its holdings in Bel Fuse by 1.8% during the 3rd quarter. BlackRock Inc. now owns 1,447,338 shares of the electronics maker’s stock worth $38,354,000 after purchasing an additional 26,265 shares during the last quarter. Finally, Foundry Partners LLC lifted its holdings in Bel Fuse by 3.4% during the 3rd quarter. Foundry Partners LLC now owns 151,290 shares of the electronics maker’s stock worth $4,009,000 after purchasing an additional 4,940 shares during the last quarter. 58.96% of the stock is owned by institutional investors and hedge funds.
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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