Bel Fuse (BELFB) Downgraded by BidaskClub to Sell

Bel Fuse (NASDAQ:BELFB) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, December 27th.

Bel Fuse (NASDAQ BELFB) traded down $0.70 on Wednesday, reaching $24.00. The company had a trading volume of 15,502 shares, compared to its average volume of 18,225. The company has a market capitalization of $294.18, a PE ratio of 24.49 and a beta of 0.76. 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 1-year low of $21.65 and a 1-year high of $33.45.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings results on Friday, November 3rd. The electronics maker reported $0.42 earnings per share (EPS) for the quarter. Bel Fuse had a net margin of 2.50% and a return on equity of 9.79%.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in Bel Fuse by 0.9% in the second quarter. Principal Financial Group Inc. now owns 66,603 shares of the electronics maker’s stock worth $1,645,000 after buying an additional 587 shares during the period. Teachers Advisors LLC increased its stake in shares of Bel Fuse by 6.2% during the second quarter. Teachers Advisors LLC now owns 18,018 shares of the electronics maker’s stock valued at $445,000 after purchasing an additional 1,049 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Bel Fuse by 16.8% during the second quarter. The Manufacturers Life Insurance Company now owns 8,865 shares of the electronics maker’s stock valued at $219,000 after purchasing an additional 1,272 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Bel Fuse by 8.6% during the second quarter. Legal & General Group Plc now owns 16,472 shares of the electronics maker’s stock valued at $407,000 after purchasing an additional 1,298 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Bel Fuse by 3.0% during the third quarter. Russell Investments Group Ltd. now owns 67,600 shares of the electronics maker’s stock valued at $2,109,000 after purchasing an additional 1,943 shares in the last quarter. Institutional investors and hedge funds own 60.36% 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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