Bel Fuse Inc. $BELFB Stock Holdings Lifted by Bessemer Group Inc.

Bessemer Group Inc. raised its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 28.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 325,800 shares of the electronics maker’s stock after buying an additional 71,895 shares during the period. Bessemer Group Inc.’s holdings in Bel Fuse were worth $31,827,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Bel Fuse by 1.4% in the first quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker’s stock valued at $68,654,000 after buying an additional 12,808 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Bel Fuse by 1.5% in the first quarter. American Century Companies Inc. now owns 357,131 shares of the electronics maker’s stock valued at $26,735,000 after buying an additional 5,376 shares in the last quarter. Makaira Partners LLC bought a new position in shares of Bel Fuse in the first quarter valued at $18,415,000. GW&K Investment Management LLC increased its holdings in shares of Bel Fuse by 2.1% in the first quarter. GW&K Investment Management LLC now owns 217,998 shares of the electronics maker’s stock valued at $16,319,000 after buying an additional 4,405 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Bel Fuse in the first quarter valued at $4,280,000. Institutional investors own 58.39% of the company’s stock.

Insiders Place Their Bets

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

Bel Fuse Price Performance

Shares of NASDAQ:BELFB opened at $155.89 on Tuesday. The company’s fifty day moving average is $142.80 and its two-hundred day moving average is $109.17. The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. Bel Fuse Inc. has a 12-month low of $57.99 and a 12-month high of $159.75. The company has a market cap of $1.97 billion, a P/E ratio of 38.21, a price-to-earnings-growth ratio of 1.91 and a beta of 1.55.

Analyst Ratings Changes

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

Bel Fuse Profile

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.