Bessemer Group Inc. Decreases Stake in Bel Fuse Inc. $BELFB

Bessemer Group Inc. cut its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 36.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 206,275 shares of the electronics maker’s stock after selling 119,525 shares during the quarter. Bessemer Group Inc. owned approximately 1.63% of Bel Fuse worth $29,089,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Thrivent Financial for Lutherans raised its position in shares of Bel Fuse by 66.8% in the third quarter. Thrivent Financial for Lutherans now owns 245,248 shares of the electronics maker’s stock valued at $34,584,000 after purchasing an additional 98,178 shares during the period. Wasatch Advisors LP raised its holdings in Bel Fuse by 33.6% during the 2nd quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock valued at $27,745,000 after acquiring an additional 71,390 shares during the period. SG Capital Management LLC bought a new stake in Bel Fuse during the 2nd quarter valued at $2,074,000. Bank of America Corp DE lifted its position in shares of Bel Fuse by 185.8% during the second quarter. Bank of America Corp DE now owns 22,055 shares of the electronics maker’s stock worth $2,155,000 after acquiring an additional 14,339 shares in the last quarter. Finally, Tema Etfs LLC boosted its holdings in shares of Bel Fuse by 34.6% in the second quarter. Tema Etfs LLC now owns 51,717 shares of the electronics maker’s stock worth $5,052,000 after acquiring an additional 13,300 shares during the period. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on BELFB shares. Needham & Company LLC increased their price objective on Bel Fuse from $168.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Oppenheimer set a $180.00 price target on shares of Bel Fuse and gave the stock an “outperform” rating in a report on Friday, October 31st. Robert W. Baird set a $170.00 price objective on shares of Bel Fuse in a research note on Friday, October 31st. Northland Securities set a $247.00 target price on shares of Bel Fuse in a report on Tuesday. Finally, Zacks Research downgraded shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $184.80.

Bel Fuse Trading Up 6.1%

Shares of BELFB opened at $220.78 on Friday. Bel Fuse Inc. has a 1-year low of $57.99 and a 1-year high of $226.45. The company has a market capitalization of $2.80 billion, a P/E ratio of 42.46, a P/E/G ratio of 2.21 and a beta of 1.56. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.06 and a quick ratio of 1.75. The firm’s 50 day simple moving average is $184.89 and its 200 day simple moving average is $156.55.

Insiders Place Their Bets

In related news, VP Kenneth Koon Keung Lai sold 564 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total value of $80,065.44. Following the completion of the transaction, the vice president directly owned 7,755 shares in the company, valued at approximately $1,100,899.80. The trade was a 6.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Joseph Berry sold 408 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $58,845.84. Following the completion of the transaction, the vice president directly owned 17,893 shares in the company, valued at approximately $2,580,707.39. This represents a 2.23% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,027 shares of company stock valued at $435,034 over the last ninety days. 5.37% of the stock is currently owned by insiders.

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.