UBS Group AG grew its position in shares of Bel Fuse Inc. (NASDAQ:BELFB – Free Report) by 215.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,575 shares of the electronics maker’s stock after purchasing an additional 31,820 shares during the period. UBS Group AG owned approximately 0.37% of Bel Fuse worth $7,901,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC acquired a new position in Bel Fuse in the 3rd quarter worth $492,000. Oliver Luxxe Assets LLC purchased a new position in Bel Fuse in the 4th quarter valued at about $1,376,000. Tudor Investment Corp ET AL acquired a new stake in shares of Bel Fuse during the third quarter valued at about $2,739,000. Tema Etfs LLC grew its stake in shares of Bel Fuse by 70.0% during the fourth quarter. Tema Etfs LLC now owns 89,918 shares of the electronics maker’s stock valued at $15,253,000 after acquiring an additional 37,022 shares in the last quarter. Finally, Phocas Financial Corp. purchased a new stake in shares of Bel Fuse during the fourth quarter worth about $3,917,000. 58.39% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts recently commented on BELFB shares. Weiss Ratings upgraded Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Robert W. Baird set a $293.00 price objective on Bel Fuse in a research note on Friday, May 1st. Northland Securities set a $321.00 target price on Bel Fuse in a research report on Monday, May 4th. Oppenheimer reiterated an “outperform” rating and set a $315.00 target price on shares of Bel Fuse in a research note on Friday, May 1st. Finally, Wall Street Zen downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $307.25.
Insider Buying and Selling
In other Bel Fuse news, Director Peter E. Gilbert sold 4,500 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the transaction, the director owned 15,047 shares of the company’s stock, valued at $3,592,471.25. This trade represents a 23.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total value of $7,948,278.00. The disclosure for this sale is available in the SEC filing. Company insiders own 5.37% of the company’s stock.
Bel Fuse Stock Performance
Shares of BELFB stock opened at $258.28 on Tuesday. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 58.83, a PEG ratio of 2.56 and a beta of 1.75. Bel Fuse Inc. has a one year low of $69.00 and a one year high of $308.27. The company’s 50-day simple moving average is $235.81 and its 200-day simple moving average is $203.17. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18.
About Bel Fuse
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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