Needham & Company LLC Initiates Coverage on Bel Fuse (NASDAQ:BELFB)

Analysts at Needham & Company LLC started coverage on shares of Bel Fuse (NASDAQ:BELFB) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings 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 indicates a potential upside of 8.55% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded Bel Fuse from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. BidaskClub lowered Bel Fuse from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 14th.

NASDAQ BELFB traded up $0.17 during trading on Wednesday, reaching $14.74. 611 shares of the company’s stock were exchanged, compared to its average volume of 57,782. Bel Fuse has a 1 year low of $9.03 and a 1 year high of $29.00. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.87 and a current ratio of 3.23. The stock has a market cap of $155.66 million, a P/E ratio of 9.09 and a beta of 1.41. The company has a 50 day moving average price of $12.27 and a two-hundred day moving average price of $19.12.



Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Thursday, August 1st. The electronics maker reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $127.42 million for the quarter. Bel Fuse had a return on equity of 9.48% and a net margin of 3.59%.

In related news, Director Peter E. Gilbert purchased 5,000 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average cost of $10.52 per share, for a total transaction of $52,600.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.37% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of Bel Fuse by 135.7% during the fourth quarter. Bank of America Corp DE now owns 11,702 shares of the electronics maker’s stock worth $216,000 after purchasing an additional 6,737 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Bel Fuse by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 829,269 shares of the electronics maker’s stock worth $15,275,000 after purchasing an additional 2,265 shares during the last quarter. 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 during the last quarter. Rhumbline Advisers lifted its position in shares of Bel Fuse by 1.6% during the first quarter. Rhumbline Advisers now owns 29,368 shares of the electronics maker’s stock worth $742,000 after purchasing an additional 449 shares during the last quarter. Finally, Comerica Bank lifted its position in shares of Bel Fuse by 4.6% during the first quarter. Comerica Bank now owns 9,990 shares of the electronics maker’s stock worth $259,000 after purchasing an additional 439 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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