Bel Fuse Inc. $BELFB Stake Boosted by Bessemer Group Inc.

Bessemer Group Inc. grew its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 28.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 325,800 shares of the electronics maker’s stock after purchasing an additional 71,895 shares during the quarter. Bessemer Group Inc. owned approximately 2.57% of Bel Fuse worth $31,827,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Bel Fuse by 1.4% during the first quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker’s stock valued at $68,654,000 after purchasing an additional 12,808 shares during the last quarter. Herald Investment Management Ltd grew its holdings in shares of Bel Fuse by 25.0% during the first quarter. Herald Investment Management Ltd now owns 30,000 shares of the electronics maker’s stock valued at $2,239,000 after purchasing an additional 6,000 shares during the last quarter. Koss Olinger Consulting LLC bought a new position in shares of Bel Fuse during the first quarter valued at approximately $639,000. Nuveen LLC bought a new position in shares of Bel Fuse during the first quarter valued at approximately $2,069,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Bel Fuse by 31.8% during the first quarter. Russell Investments Group Ltd. now owns 50,886 shares of the electronics maker’s stock valued at $3,809,000 after purchasing an additional 12,269 shares during the last quarter. 58.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

BELFB has been the subject of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bel Fuse in a report on Wednesday, October 8th. Oppenheimer boosted their price objective on Bel Fuse from $140.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 16th. Robert W. Baird boosted their price objective on Bel Fuse from $154.00 to $162.00 and gave the stock an “outperform” rating in a research report on Friday, October 10th. Needham & Company LLC boosted their price objective on Bel Fuse from $116.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, July 25th. Finally, Wall Street Zen downgraded Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 18th. One investment analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $138.40.

Bel Fuse Stock Performance

BELFB opened at $155.89 on Tuesday. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 38.21, a price-to-earnings-growth ratio of 1.91 and a beta of 1.55. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72. Bel Fuse Inc. has a 1-year low of $57.99 and a 1-year high of $159.75. The business has a 50 day moving average price of $142.80 and a two-hundred day moving average price of $109.17.

Insider Buying and Selling

In other Bel Fuse news, insider Stephen Dawson sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $127.07, for a total value of $152,484.00. Following the completion of the sale, the insider directly owned 14,265 shares in the company, valued at $1,812,653.55. This represents a 7.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kenneth Koon Keung Lai sold 1,900 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $128.00, for a total value of $243,200.00. Following the completion of the sale, the vice president owned 10,255 shares of the company’s stock, valued at $1,312,640. This trade represents a 15.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.37% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.