According to TheStreetRatingsTable, equity research analysts at TheStreet changed their rating of Bel Fuse (NASDAQ: BELFB) from a “”c+”” rating to a “”b”” rating in a research note that was distributed to clients and investors on Tuesday. The report was distributed to investors and customers. In addition to these scholarly works, there have been a substantial number of additional pieces of writing penned concerning BELFB. In a research report published on Friday, July 29th, Needham & Company LLC advised investors to “”buy”” the shares of Bel Fuse and upped their price objective for the stock from $25.00 to $30.00. In addition, the price objective for the stock was lifted to reflect this change. How well did the Bel Fuse Stock perform according to its expectations? When trading started on Tuesday, the price of a single share of Bel Fuse was determined to be $27.07 per share. The cost of Bel Fuse has fluctuated between $11.58 and $27.73 over the past 52 weeks. The company’s price-to-earnings ratio is currently 9.33, and its beta value is at 1.64. The market capitalization of the company is now sitting at $338.92 million at the moment.
The price of the stock’s moving average over the last fifty days is $20.04, and the cost of its moving average over the past 200 days is $17.51, appropriately. The value of the quick ratio is 1.56, the current balance is 2.80, and the value of the debt-to-equity ratio is 0.50. All three ratios have the same value. The amount of money brought in and taken out of institutions Recently, several institutional investors and hedge funds altered how they were holding their positions in the stock. The percentage of Bel Fuse owned by Lazard Asset Management LLC climbed by 1,481.9% during the first three months of 2018. Lazard Asset Management LLC currently has 1,835 shares worth a combined total of $32,000, thanks to purchasing an extra 1,719 of the company above’s claims during the most recent quarter. As a result, UBS Group AG’s holdings of Bel Fuse saw a 105.1% increase during the first quarter of the year due to the company’s purchase of additional shares. After purchasing an additional 1,052 shares during the most recent quarter, UBS Group AG now has a total of 2,053 shares of the stock of the electronics manufacturer. These shares are $37,000, and UBS Group AG currently has 2,053.
During the second quarter of the fiscal year, Dorsey Wright & Associates incurred expenses of $41,000 due to purchasing additional shares in Bel Fuse. In addition, advisor Group Position Inc. increased its stake in Bel Fuse by 704.2 percent during the year’s first three months. Following purchasing an additional 3,169 shares over the preceding three months, Advisor Group Holdings Inc. now possesses a total of 3,619 shares of the stock held by the electronics maker. These shares are currently worth a total of $65,000. Finally, Victory Capital Management Inc. increased its ownership of Bel Fuse shares by a quarter of a percent during the fourth quarter of 2018, bringing the total to 100 percent. After making an additional purchase of 1,191 shares during the period, Victory Capital Management Inc. now has 5,954 shares of the electronics manufacturer’s stock in its possession.
Hedge funds and other institutional investors currently hold 49.11% of the total number of shares issued by the firm. Information Regarding Bel Fuse That Relates to the Company: Products for the networking, telecommunications, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronics industries are developed, produced, marketed, and sold by Bel Fuse Inc. in a variety of countries, including the United States of America, Macao, the United Kingdom, Slovakia, Germany, and Switzerland. Bel Also, Bel Fuse Inc. also sells its products in Macau. The Slovak The Slovak Republic, Germany, and Switzerland are some of the other countries.