Bel Fuse (NASDAQ:BELFB) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

Shares of Bel Fuse (NASDAQ BELFB) opened at $27.10 on Friday. The firm has a market cap of $326.07, a P/E ratio of 20.69 and a beta of 0.74. Bel Fuse has a 1-year low of $21.65 and a 1-year high of $33.60. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.59.

In other Bel Fuse news, insider Daniel Bernstein sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.61, for a total value of $73,830.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dennis Ackerman sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.63, for a total transaction of $61,575.00. The disclosure for this sale can be found here. 8.84% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in shares of Bel Fuse by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 775,341 shares of the electronics maker’s stock valued at $24,191,000 after purchasing an additional 11,910 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Bel Fuse by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 464,998 shares of the electronics maker’s stock valued at $11,486,000 after purchasing an additional 18,985 shares in the last quarter. State Street Corp raised its holdings in shares of Bel Fuse by 6.2% during the 2nd quarter. State Street Corp now owns 294,537 shares of the electronics maker’s stock valued at $7,278,000 after purchasing an additional 17,083 shares in the last quarter. Foundry Partners LLC raised its holdings in shares of Bel Fuse by 93.6% during the 3rd quarter. Foundry Partners LLC now owns 150,700 shares of the electronics maker’s stock valued at $4,702,000 after purchasing an additional 72,847 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Bel Fuse by 6.5% during the 2nd quarter. Northern Trust Corp now owns 147,735 shares of the electronics maker’s stock valued at $3,649,000 after purchasing an additional 9,045 shares in the last quarter. Institutional investors own 60.36% of the company’s stock.

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About Bel Fuse

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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