Bel Fuse (NASDAQ:BELFB) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Shares of Bel Fuse (BELFB) opened at $27.10 on Friday. The firm has a market cap of $327.61, a P/E ratio of 20.19 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 12-month low of $21.65 and a 12-month high of $33.60.

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

A number of institutional investors have recently made changes to their positions in BELFB. Vanguard Group Inc. raised its position in Bel Fuse by 5.9% during the 1st quarter. Vanguard Group Inc. now owns 446,013 shares of the electronics maker’s stock worth $11,396,000 after buying an additional 24,686 shares during the last quarter. Geode Capital Management LLC raised its position in Bel Fuse by 7.5% during the 1st quarter. Geode Capital Management LLC now owns 86,632 shares of the electronics maker’s stock worth $2,213,000 after buying an additional 6,022 shares during the last quarter. Bank of America Corp DE raised its position in 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 buying an additional 5,366 shares during the last quarter. Russell Investments Group Ltd. raised its position in Bel Fuse by 239.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 65,657 shares of the electronics maker’s stock worth $1,622,000 after buying an additional 46,319 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Bel Fuse by 8.6% during the 2nd quarter. Legal & General Group Plc now owns 16,472 shares of the electronics maker’s stock worth $407,000 after buying an additional 1,298 shares during 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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