Creekmur Asset Management LLC Has $88,000 Stock Position in Bel Fuse Inc. (NASDAQ:BELFB)

Creekmur Asset Management LLC trimmed its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 31.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,458 shares of the electronics maker’s stock after selling 677 shares during the quarter. Creekmur Asset Management LLC’s holdings in Bel Fuse were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BELFB. New York State Teachers Retirement System raised its stake in shares of Bel Fuse by 373.5% in the first quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker’s stock worth $57,000 after acquiring an additional 747 shares during the last quarter. AJOVista LLC acquired a new position in Bel Fuse during the 4th quarter worth $73,000. National Bank of Canada FI bought a new position in Bel Fuse in the 4th quarter valued at $78,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Bel Fuse in the 1st quarter valued at $173,000. Finally, Simplicity Solutions LLC acquired a new position in shares of Bel Fuse during the fourth quarter valued at $200,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Wall Street Analyst Weigh In

BELFB has been the subject of a number of recent analyst reports. Northland Securities upped their price objective on shares of Bel Fuse from $63.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday. StockNews.com upgraded Bel Fuse from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Needham & Company LLC raised their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, July 26th.

Bel Fuse Price Performance

Shares of BELFB traded down $2.44 during mid-day trading on Thursday, reaching $71.83. The company had a trading volume of 3,152 shares, compared to its average volume of 103,913. The company’s 50 day simple moving average is $67.27 and its 200 day simple moving average is $63.55. The company has a market capitalization of $906.49 million, a price-to-earnings ratio of 12.50 and a beta of 1.41. Bel Fuse Inc. has a 1-year low of $39.13 and a 1-year high of $76.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.76 and a current ratio of 4.19.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.58. The firm had revenue of $133.21 million during the quarter, compared to the consensus estimate of $130.27 million. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. During the same period in the previous year, the firm posted $1.95 earnings per share. Analysts expect that Bel Fuse Inc. will post 4.43 EPS for the current year.

Bel Fuse Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.