Teacher Retirement System of Texas Lowers Stock Position in Bel Fuse Inc. $BELFB

Teacher Retirement System of Texas reduced its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 40.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,090 shares of the electronics maker’s stock after selling 2,820 shares during the period. Teacher Retirement System of Texas’ holdings in Bel Fuse were worth $577,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in BELFB. Bessemer Group Inc. increased its stake in Bel Fuse by 28.3% in the 2nd quarter. Bessemer Group Inc. now owns 325,800 shares of the electronics maker’s stock valued at $31,827,000 after buying an additional 71,895 shares during the last quarter. Wasatch Advisors LP increased its position in shares of Bel Fuse by 33.6% during the second 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 last quarter. SG Capital Management LLC bought a new stake in Bel Fuse during the second quarter worth $2,074,000. Bank of America Corp DE lifted its holdings in 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 during the period. Finally, Tema Etfs LLC boosted its position in 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 purchasing an additional 13,300 shares during the last quarter. 58.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BELFB. Wall Street Zen lowered Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Monday. Robert W. Baird set a $170.00 price objective on shares of Bel Fuse in a report on Friday, October 31st. Needham & Company LLC boosted their target price on shares of Bel Fuse from $168.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Zacks Research downgraded shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bel Fuse in a report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $184.80.

Insider Buying and Selling at Bel Fuse

In related news, VP Joseph Berry sold 408 shares of the stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $144.23, for a total transaction of $58,845.84. Following the sale, the vice president owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. This represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Kenneth Koon Keung Lai sold 564 shares of the firm’s stock in a transaction dated 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 owned 7,755 shares of the company’s stock, valued at approximately $1,100,899.80. This represents a 6.78% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,027 shares of company stock worth $435,034. Company insiders own 5.37% of the company’s stock.

Bel Fuse Stock Down 2.6%

BELFB opened at $211.58 on Thursday. Bel Fuse Inc. has a 12 month low of $57.99 and a 12 month high of $222.49. The company has a market cap of $2.68 billion, a PE ratio of 40.69, a price-to-earnings-growth ratio of 2.31 and a beta of 1.56. The company has a current ratio of 3.06, a quick ratio of 1.75 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $182.45 and a 200 day moving average of $155.37.

Bel Fuse Company 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.