Bel Fuse Inc. (NASDAQ:BELFB) Stock Position Raised by Tectonic Advisors LLC

Tectonic Advisors LLC lifted its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 80.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,742 shares of the electronics maker’s stock after acquiring an additional 7,922 shares during the period. Tectonic Advisors LLC owned 0.14% of Bel Fuse worth $1,393,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its stake in Bel Fuse by 1,036.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 15,288 shares of the electronics maker’s stock worth $922,000 after purchasing an additional 13,943 shares in the last quarter. Denali Advisors LLC acquired a new position in Bel Fuse during the first quarter valued at approximately $314,000. Principal Financial Group Inc. acquired a new position in Bel Fuse during the first quarter valued at approximately $471,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Bel Fuse during the first quarter valued at approximately $173,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Bel Fuse by 73.5% in the first quarter. BNP Paribas Financial Markets now owns 5,862 shares of the electronics maker’s stock valued at $354,000 after buying an additional 2,484 shares during the period. 58.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on BELFB shares. Northland Securities upped their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. StockNews.com upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Northland Capmk upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th. Finally, Needham & Company LLC raised their price objective on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 26th.

Bel Fuse Stock Down 0.5 %

NASDAQ BELFB opened at $78.52 on Friday. The stock’s 50 day moving average is $73.74 and its 200 day moving average is $67.70. The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17. Bel Fuse Inc. has a 12 month low of $39.13 and a 12 month high of $85.91. The stock has a market cap of $990.92 million, a PE ratio of 13.22 and a beta of 1.34.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, beating the consensus estimate of $0.92 by $0.58. The company had revenue of $133.21 million for the quarter, compared to the consensus estimate of $130.27 million. Bel Fuse had a return on equity of 20.97% and a net margin of 11.81%. During the same quarter in the prior year, the company posted $1.95 EPS. Research analysts predict that Bel Fuse Inc. will post 4.52 EPS for the current fiscal year.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.