Bel Fuse (NASDAQ:BELFA) Sets New 12-Month High – Should You Buy?

Shares of Bel Fuse Inc. (NASDAQ:BELFA) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $244.82 and last traded at $249.6510, with a volume of 6125 shares traded. The stock had previously closed at $241.57.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BELFA shares. Robert W. Baird set a $250.00 target price on shares of Bel Fuse in a research report on Thursday, February 19th. Weiss Ratings downgraded shares of Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $250.00.

Bel Fuse Trading Up 4.1%

The firm has a 50-day moving average price of $203.53 and a 200-day moving average price of $169.22. The stock has a market cap of $3.18 billion, a PE ratio of 54.06 and a beta of 1.25. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.10 by $0.78. Bel Fuse had a return on equity of 21.78% and a net margin of 9.11%.The company had revenue of $175.94 million during the quarter, compared to the consensus estimate of $172.01 million.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 5.16%.

Insider Activity

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BELFA. Hound Partners LLC purchased a new position in Bel Fuse in the 4th quarter worth approximately $5,714,000. Arrowstreet Capital Limited Partnership purchased a new position in Bel Fuse in the 3rd quarter worth approximately $1,628,000. Citadel Advisors LLC lifted its holdings in Bel Fuse by 434.9% in the 3rd quarter. Citadel Advisors LLC now owns 13,336 shares of the scientific and technical instruments company’s stock worth $1,552,000 after purchasing an additional 10,843 shares in the last quarter. Millennium Management LLC lifted its holdings in Bel Fuse by 314.2% in the 4th quarter. Millennium Management LLC now owns 12,729 shares of the scientific and technical instruments company’s stock worth $1,932,000 after purchasing an additional 9,656 shares in the last quarter. Finally, Nitor Capital Management LLC purchased a new position in Bel Fuse in the 4th quarter worth approximately $1,063,000. 6.01% of the stock is owned by hedge funds and other institutional investors.

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.