Bel Fuse (NASDAQ:BELFA) Sets New 12-Month High – Here’s Why

Bel Fuse Inc. (NASDAQ:BELFA)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $271.28 and last traded at $254.69, with a volume of 47381 shares traded. The stock had previously closed at $262.97.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Robert W. Baird set a $250.00 target price on shares of Bel Fuse in a research note on Thursday, February 19th. Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Bel Fuse presently has a consensus rating of “Buy” and an average target price of $250.00.

Bel Fuse Price Performance

The company has a fifty day simple moving average of $209.11 and a two-hundred day simple moving average of $177.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 63.94 and a beta of 1.42.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.10. The company had revenue of $178.49 million during the quarter, compared to the consensus estimate of $172.07 million. Bel Fuse had a return on equity of 22.38% and a net margin of 7.84%.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th were issued a $0.06 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $0.24 annualized dividend and a yield of 0.1%. Bel Fuse’s payout ratio is 5.78%.

Insider Transactions at Bel Fuse

In other news, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the completion of the transaction, the director owned 15,047 shares of the company’s stock, valued at $3,592,471.25. This represents a 23.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total transaction of $7,948,278.00. The SEC filing for this sale provides additional information. Corporate insiders own 4.75% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BELFA. Vanguard Group Inc. increased its holdings in shares of Bel Fuse by 13.9% during the 3rd quarter. Vanguard Group Inc. now owns 52,614 shares of the scientific and technical instruments company’s stock worth $6,122,000 after buying an additional 6,408 shares during the last quarter. Hound Partners LLC acquired a new stake in shares of Bel Fuse during the 4th quarter worth $5,714,000. Geode Capital Management LLC increased its holdings in shares of Bel Fuse by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 37,606 shares of the scientific and technical instruments company’s stock worth $5,709,000 after buying an additional 2,674 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV increased its holdings in shares of Bel Fuse by 0.4% during the 3rd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 26,151 shares of the scientific and technical instruments company’s stock worth $3,043,000 after buying an additional 100 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Bel Fuse by 1.8% during the 4th quarter. State Street Corp now owns 21,706 shares of the scientific and technical instruments company’s stock worth $3,295,000 after buying an additional 378 shares during the last quarter. Institutional investors and hedge funds own 6.01% of the company’s stock.

About Bel Fuse

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.