Expect Equity LLC lowered its stake in Bel Fuse Inc. (NASDAQ:BELFB – Free Report) by 21.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 18,537 shares of the electronics maker’s stock after selling 4,950 shares during the quarter. Bel Fuse comprises 3.0% of Expect Equity LLC’s investment portfolio, making the stock its 9th largest holding. Expect Equity LLC’s holdings in Bel Fuse were worth $3,144,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in shares of Bel Fuse by 365.6% in the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 117 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Bel Fuse in the 4th quarter valued at $33,000. Jones Financial Companies Lllp increased its stake in shares of Bel Fuse by 139.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 151 shares in the last quarter. Erste Asset Management GmbH bought a new stake in shares of Bel Fuse in the 4th quarter valued at $83,000. Finally, Clearstead Advisors LLC increased its stake in shares of Bel Fuse by 195.0% in the 4th quarter. Clearstead Advisors LLC now owns 590 shares of the electronics maker’s stock valued at $100,000 after acquiring an additional 390 shares in the last quarter. Institutional investors own 58.39% of the company’s stock.
Bel Fuse Stock Performance
Shares of BELFB stock opened at $299.84 on Thursday. The firm has a market capitalization of $3.81 billion, a PE ratio of 68.30, a price-to-earnings-growth ratio of 2.88 and a beta of 1.70. The firm has a fifty day simple moving average of $267.67 and a two-hundred day simple moving average of $222.65. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. Bel Fuse Inc. has a 12 month low of $86.99 and a 12 month high of $308.27.
Bel Fuse Dividend Announcement
Wall Street Analysts Forecast Growth
BELFB has been the subject of several research analyst reports. Needham & Company LLC lifted their price objective on shares of Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. initiated coverage on shares of Bel Fuse in a research note on Wednesday, June 10th. They set an “overweight” rating and a $370.00 price target for the company. Wall Street Zen lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Monday, March 16th. Oppenheimer restated an “outperform” rating and set a $315.00 price target on shares of Bel Fuse in a research note on Friday, May 1st. Finally, Weiss Ratings upgraded shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Bel Fuse has a consensus rating of “Moderate Buy” and a consensus target price of $319.80.
Read Our Latest Research Report on Bel Fuse
Bel Fuse Company Profile
Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.
Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.
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