SG Americas Securities LLC Purchases 3,024 Shares of Bel Fuse Inc. $BELFB

SG Americas Securities LLC boosted its position in Bel Fuse Inc. (NASDAQ:BELFB) by 220.2% during the third quarter, HoldingsChannel reports. The fund owned 4,397 shares of the electronics maker’s stock after buying an additional 3,024 shares during the quarter. SG Americas Securities LLC’s holdings in Bel Fuse were worth $620,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new position in shares of Bel Fuse in the second quarter worth about $50,000. BNP Paribas Financial Markets lifted its stake in shares of Bel Fuse by 60.0% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock valued at $98,000 after buying an additional 375 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Bel Fuse by 437.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker’s stock worth $101,000 after buying an additional 845 shares during the period. Canada Pension Plan Investment Board grew its stake in 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 valued at $156,000 after buying an additional 100 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Bel Fuse in the 2nd quarter valued at approximately $202,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Price Performance

NASDAQ:BELFB opened at $200.29 on Friday. Bel Fuse Inc. has a 52-week low of $57.99 and a 52-week high of $205.99. The stock has a fifty day moving average of $170.99 and a 200 day moving average of $148.26. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 3.06. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 38.52, a P/E/G ratio of 2.15 and a beta of 1.56.

Analysts Set New Price Targets

BELFB has been the topic of several recent research reports. Zacks Research downgraded Bel Fuse from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Bel Fuse in a research note on Monday, December 29th. Oppenheimer set a $180.00 target price on Bel Fuse and gave the stock an “outperform” rating in a research note on Friday, October 31st. Robert W. Baird set a $170.00 target price on Bel Fuse in a report on Friday, October 31st. Finally, Northland Securities set a $188.00 price target on shares of Bel Fuse in a report on Friday, October 31st. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $173.00.

Insider Transactions at Bel Fuse

In other news, VP Joseph Berry sold 408 shares of Bel Fuse stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $144.23, for a total transaction of $58,845.84. Following the completion of the sale, the vice president owned 17,893 shares in the company, valued at approximately $2,580,707.39. This trade represents a 2.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Kenneth Koon Keung Lai sold 564 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $141.96, for a total transaction of $80,065.44. Following the completion of the transaction, the vice president owned 7,755 shares in the company, valued at approximately $1,100,899.80. This trade represents a 6.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,027 shares of company stock valued at $435,034. Corporate insiders own 5.37% of the company’s stock.

Bel Fuse 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.