Massachusetts Financial Services Co. MA Decreases Stake in Bel Fuse Inc. $BELFB

Massachusetts Financial Services Co. MA lowered its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 36.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 244,512 shares of the electronics maker’s stock after selling 141,305 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.93% of Bel Fuse worth $34,481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of BELFB. Ameritas Advisory Services LLC purchased a new stake in shares of Bel Fuse during the second quarter valued at approximately $50,000. State of Alaska Department of Revenue purchased a new position in Bel Fuse in the third quarter worth $78,000. BNP Paribas Financial Markets grew its stake in Bel Fuse by 60.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock valued at $98,000 after purchasing an additional 375 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Bel Fuse by 437.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,038 shares of the electronics maker’s stock valued at $101,000 after purchasing an additional 845 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Bel Fuse by 6.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,600 shares of the electronics maker’s stock worth $156,000 after purchasing an additional 100 shares during the period. 58.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Kenneth Koon Keung Lai sold 564 shares of Bel Fuse stock in a transaction on Tuesday, November 18th. The stock was 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joseph Berry sold 408 shares of the business’s 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 sale, the vice president owned 17,893 shares in the company, valued at approximately $2,580,707.39. The trade was a 2.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,027 shares of company stock worth $435,034 in the last three months. Insiders own 5.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Needham & Company LLC boosted their price target on shares of Bel Fuse from $168.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Wall Street Zen cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 17th. Robert W. Baird set a $170.00 price target on shares of Bel Fuse in a research note on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of Bel Fuse in a research note on Monday, December 29th. Finally, Oppenheimer set a $180.00 price objective on Bel Fuse and gave the company an “outperform” rating in a report on Friday, October 31st. 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $173.00.

Bel Fuse Stock Performance

NASDAQ BELFB opened at $200.29 on Friday. The firm has a market cap of $2.54 billion, a P/E ratio of 38.52, a price-to-earnings-growth ratio of 2.15 and a beta of 1.56. The company has a quick ratio of 1.75, a current ratio of 3.06 and a debt-to-equity ratio of 0.53. The company’s 50 day moving average is $170.99 and its 200-day moving average is $148.26. Bel Fuse Inc. has a 12-month low of $57.99 and a 12-month high of $205.99.

About Bel Fuse

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.