BidaskClub Lowers Bel Fuse (BELFB) to Sell

Bel Fuse (NASDAQ:BELFB) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

Shares of Bel Fuse (NASDAQ:BELFB) opened at $25.50 on Thursday. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.59. Bel Fuse has a fifty-two week low of $21.65 and a fifty-two week high of $33.60. The stock has a market cap of $315.84, a P/E ratio of 20.04 and a beta of 0.74.

In other news, VP Dennis Ackerman sold 2,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $24.63, for a total transaction of $61,575.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Daniel Bernstein sold 3,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $24.61, for a total value of $73,830.00. The disclosure for this sale can be found here. 8.84% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Bel Fuse by 5.9% in the first quarter. Vanguard Group Inc. now owns 446,013 shares of the electronics maker’s stock valued at $11,396,000 after acquiring an additional 24,686 shares during the period. Geode Capital Management LLC increased its position in shares of Bel Fuse by 7.5% in the first quarter. Geode Capital Management LLC now owns 86,632 shares of the electronics maker’s stock valued at $2,213,000 after buying an additional 6,022 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Bel Fuse by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 766,103 shares of the electronics maker’s stock valued at $19,573,000 after buying an additional 6,856 shares in the last quarter. Bank of America Corp DE increased its position in shares of Bel Fuse by 64.0% in the first quarter. Bank of America Corp DE now owns 13,753 shares of the electronics maker’s stock valued at $351,000 after buying an additional 5,366 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Bel Fuse by 239.5% in the second quarter. Russell Investments Group Ltd. now owns 65,657 shares of the electronics maker’s stock valued at $1,622,000 after buying an additional 46,319 shares in the last quarter. Institutional investors own 60.07% of the company’s stock.

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Bel Fuse Company Profile

Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.

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