Bel Fuse (NASDAQ:BELFB) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Thursday.

Shares of Bel Fuse (NASDAQ:BELFB) traded down $0.65 during trading hours on Thursday, hitting $24.60. The company had a trading volume of 19,922 shares, compared to its average volume of 28,442. The company has a market cap of $290.24, a P/E ratio of 19.27 and a beta of 0.74. 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 52 week low of $21.65 and a 52 week high of $33.60.

In other Bel Fuse news, insider Daniel Bernstein sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was 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 through this hyperlink. Also, VP Dennis Ackerman sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.63, for a total value of $61,575.00. The disclosure for this sale can be found here. Corporate insiders own 8.84% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of BELFB. BNP Paribas Arbitrage SA raised its holdings in shares of Bel Fuse by 75.8% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,934 shares of the electronics maker’s stock worth $154,000 after acquiring an additional 2,127 shares in the last quarter. Hancock Holding Co. purchased a new stake in shares of Bel Fuse during the 2nd quarter worth approximately $210,000. The Manufacturers Life Insurance Company raised its holdings in shares of Bel Fuse by 16.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,865 shares of the electronics maker’s stock worth $219,000 after acquiring an additional 1,272 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of Bel Fuse by 70.5% during the 3rd quarter. Wells Fargo & Company MN now owns 9,840 shares of the electronics maker’s stock worth $307,000 after acquiring an additional 4,070 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Bel Fuse by 64.0% during the 1st quarter. Bank of America Corp DE now owns 13,753 shares of the electronics maker’s stock worth $351,000 after acquiring an additional 5,366 shares in the last quarter. 60.07% of the stock is currently owned by institutional investors and hedge funds.

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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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