Universal Beteiligungs und Servicegesellschaft mbH Sells 18,700 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 33.9% during the first quarter, HoldingsChannel.com reports. The firm owned 36,499 shares of the electronics maker’s stock after selling 18,700 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Bel Fuse were worth $2,732,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CWM LLC increased its holdings in shares of Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 228 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Bel Fuse in the fourth quarter valued at $148,000. ProShare Advisors LLC acquired a new position in shares of Bel Fuse in the fourth quarter valued at $240,000. Integrated Quantitative Investments LLC acquired a new position in shares of Bel Fuse in the fourth quarter valued at $298,000. Finally, Millennium Management LLC acquired a new position in shares of Bel Fuse in the fourth quarter valued at $305,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Up 3.0%

BELFB stock opened at $130.49 on Wednesday. The stock has a market capitalization of $1.65 billion, a P/E ratio of 31.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.51. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. Bel Fuse Inc. has a 12 month low of $57.99 and a 12 month high of $130.50. The firm has a 50-day moving average price of $91.50 and a 200-day moving average price of $81.38.

Insider Buying and Selling

In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of Bel Fuse stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $84.03, for a total transaction of $336,120.00. Following the sale, the vice president directly owned 12,155 shares in the company, valued at $1,021,384.65. This trade represents a 24.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on BELFB. Oppenheimer set a $125.00 price objective on shares of Bel Fuse and gave the company an “outperform” rating in a report on Wednesday, July 2nd. Northland Securities upped their price target on shares of Bel Fuse from $93.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, June 30th. Baird R W upgraded shares of Bel Fuse to a “strong-buy” rating in a research note on Tuesday, June 10th. Wall Street Zen upgraded shares of Bel Fuse from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Needham & Company LLC upped their price target on shares of Bel Fuse from $116.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, July 25th. Five investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $113.60.

Bel Fuse Profile

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.