Bel Fuse, Inc. Class B (BELFB) Upgraded at BidaskClub

Bel Fuse, Inc. Class B (NASDAQ:BELFB) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Sunday.

Separately, ValuEngine lowered shares of Bel Fuse, Inc. Class B from a “hold” rating to a “sell” rating in a research report on Friday, June 1st.

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Bel Fuse, Inc. Class B opened at $21.55 on Friday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.14 and a quick ratio of 1.95. Bel Fuse, Inc. Class B has a 12 month low of $17.10 and a 12 month high of $33.45. The company has a market capitalization of $259.31 million, a PE ratio of 28.73 and a beta of 0.71.

Bel Fuse, Inc. Class B (NASDAQ:BELFB) last released its quarterly earnings data on Thursday, May 3rd. The electronics maker reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.21). Bel Fuse, Inc. Class B had a negative net margin of 2.81% and a positive return on equity of 5.50%. The firm had revenue of $118.25 million during the quarter.

A number of institutional investors have recently made changes to their positions in BELFB. SG Americas Securities LLC bought a new stake in Bel Fuse, Inc. Class B during the fourth quarter valued at approximately $197,000. Wells Fargo & Company MN lifted its position in Bel Fuse, Inc. Class B by 40.9% during the fourth quarter. Wells Fargo & Company MN now owns 13,869 shares of the electronics maker’s stock valued at $350,000 after purchasing an additional 4,029 shares during the last quarter. Arizona State Retirement System bought a new stake in Bel Fuse, Inc. Class B during the fourth quarter valued at approximately $417,000. Rhumbline Advisers lifted its position in Bel Fuse, Inc. Class B by 15.4% during the fourth quarter. Rhumbline Advisers now owns 23,030 shares of the electronics maker’s stock valued at $580,000 after purchasing an additional 3,072 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Bel Fuse, Inc. Class B by 3.6% during the fourth quarter. BlackRock Inc. now owns 1,318,836 shares of the electronics maker’s stock valued at $33,203,000 after purchasing an additional 46,242 shares during the last quarter. Institutional investors and hedge funds own 61.25% of the company’s stock.

Bel Fuse, Inc. Class B Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.