FNY Investment Advisers LLC Invests $51,000 in Bel Fuse Inc. $BELFA

FNY Investment Advisers LLC purchased a new position in shares of Bel Fuse Inc. (NASDAQ:BELFA) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 571 shares of the scientific and technical instruments company’s stock, valued at approximately $51,000.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers raised its holdings in shares of Bel Fuse by 41.5% during the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock worth $188,000 after buying an additional 767 shares in the last quarter. Makaira Partners LLC bought a new position in Bel Fuse in the first quarter valued at about $288,000. Cynosure Group LLC bought a new position in Bel Fuse in the first quarter valued at about $310,000. Herald Investment Management Ltd boosted its stake in shares of Bel Fuse by 87.5% during the first quarter. Herald Investment Management Ltd now owns 7,500 shares of the scientific and technical instruments company’s stock valued at $540,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV bought a new stake in shares of Bel Fuse during the second quarter worth about $2,341,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Bel Fuse in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $115.00.

Bel Fuse Stock Performance

NASDAQ:BELFA opened at $135.16 on Friday. The stock has a market cap of $1.71 billion, a P/E ratio of 35.02 and a beta of 1.25. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. The stock’s 50-day moving average is $118.16 and its 200-day moving average is $93.69. Bel Fuse Inc. has a 1-year low of $53.95 and a 1-year high of $135.16.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings results on Thursday, July 24th. The scientific and technical instruments company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.43. Bel Fuse had a return on equity of 18.33% and a net margin of 8.59%.The company had revenue of $168.30 million for the quarter, compared to analysts’ expectations of $149.60 million.

About Bel Fuse

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.