Bel Fuse (NASDAQ:BELFA) Hits New 1-Year High – What’s Next?
by Danessa Lincoln · The Markets DailyBel Fuse Inc. (NASDAQ:BELFA – Get Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $160.00 and last traded at $160.21, with a volume of 34250 shares traded. The stock had previously closed at $154.30.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Bel Fuse in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $115.00.
View Our Latest Stock Report on BELFA
Bel Fuse Stock Down 1.1%
The business’s 50 day simple moving average is $141.90 and its 200-day simple moving average is $122.04. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 3.06. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 32.34 and a beta of 1.22.
Bel Fuse (NASDAQ:BELFA – Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.59. The business had revenue of $178.98 million for the quarter, compared to the consensus estimate of $171.69 million. Bel Fuse had a net margin of 10.04% and a return on equity of 21.18%.
Bel Fuse Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. Bel Fuse’s dividend payout ratio (DPR) is currently 4.87%.
Insider Buying and Selling
In related news, VP Joseph Berry sold 408 shares of the business’s 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 transaction, the vice president directly owned 17,893 shares in the company, valued at $2,580,707.39. The trade was a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Kenneth Koon Keung Lai sold 1,936 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $279,229.28. Following the completion of the transaction, the vice president owned 8,319 shares of the company’s stock, valued at $1,199,849.37. The trade was a 18.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 3,027 shares of company stock worth $435,034. Insiders own 5.46% of the company’s stock.
Institutional Investors Weigh In On Bel Fuse
Several institutional investors and hedge funds have recently bought and sold shares of BELFA. BNP Paribas Financial Markets lifted its holdings in shares of Bel Fuse by 92.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 153 shares during the period. FNY Investment Advisers LLC acquired a new position in Bel Fuse in the second quarter worth about $51,000. Tower Research Capital LLC TRC lifted its stake in Bel Fuse by 447.1% during the second quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after purchasing an additional 608 shares during the period. JPMorgan Chase & Co. lifted its stake in Bel Fuse by 6.8% during the third quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock worth $274,000 after purchasing an additional 150 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in Bel Fuse during the third quarter valued at approximately $286,000. Institutional investors 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.