Bel Fuse Inc. $BELFB Stock Position Raised by UBS Group AG

UBS Group AG increased its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 215.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,575 shares of the electronics maker’s stock after acquiring an additional 31,820 shares during the quarter. UBS Group AG’s holdings in Bel Fuse were worth $7,901,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. PFG Advisors boosted its stake in Bel Fuse by 1.3% in the fourth quarter. PFG Advisors now owns 6,656 shares of the electronics maker’s stock valued at $1,129,000 after acquiring an additional 84 shares during the period. Arizona State Retirement System raised its position in shares of Bel Fuse by 3.3% during the 3rd quarter. Arizona State Retirement System now owns 3,112 shares of the electronics maker’s stock worth $439,000 after purchasing an additional 99 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of Bel Fuse by 6.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker’s stock worth $156,000 after purchasing an additional 100 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Bel Fuse by 52.5% in the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock worth $47,000 after purchasing an additional 115 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Bel Fuse by 1.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker’s stock valued at $971,000 after purchasing an additional 116 shares during the period. Institutional investors own 58.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Northland Securities set a $321.00 price objective on Bel Fuse in a research note on Monday, May 4th. Needham & Company LLC raised their target price on Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Wall Street Zen lowered shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Robert W. Baird set a $293.00 price objective on shares of Bel Fuse in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $307.25.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $258.28 on Tuesday. Bel Fuse Inc. has a 12-month low of $69.00 and a 12-month high of $308.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 58.83, a price-to-earnings-growth ratio of 2.56 and a beta of 1.75. The business has a 50 day simple moving average of $235.81 and a 200 day simple moving average of $203.17.

Insiders Place Their Bets

In related news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of Bel Fuse stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total transaction of $7,948,278.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the director directly owned 15,047 shares of the company’s stock, valued at $3,592,471.25. The trade was a 23.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.37% of the company’s stock.

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.