Bel Fuse (NASDAQ:BELFA) Hits New 52-Week High – Should You Buy?

Bel Fuse Inc. (NASDAQ:BELFA)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $279.64 and last traded at $280.9960, with a volume of 18625 shares changing hands. The stock had previously closed at $272.57.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $250.00.

Bel Fuse Stock Up 2.2%

The firm has a market capitalization of $3.54 billion, a P/E ratio of 67.27 and a beta of 1.38. The company has a 50 day simple moving average of $249.50 and a two-hundred day simple moving average of $208.83. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47.

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

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a $0.06 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is currently 5.78%.

Institutional Trading of Bel Fuse

A number of large investors have recently modified their holdings of BELFA. BNP Paribas Financial Markets lifted its position in shares of Bel Fuse by 92.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 153 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Bel Fuse by 6,000.0% during the first quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock worth $55,000 after purchasing an additional 300 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Bel Fuse during the 4th quarter worth approximately $61,000. Tower Research Capital LLC TRC boosted its stake in shares of Bel Fuse by 447.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after acquiring an additional 608 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in shares of Bel Fuse during the 4th quarter valued at approximately $111,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Bel Fuse Company Profile

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.