Bel Fuse (NASDAQ:BELFA) Hits New 1-Year High – Here’s What Happened

Bel Fuse Inc. (NASDAQ:BELFA)’s share price reached a new 52-week high on Thursday . The stock traded as high as $152.90 and last traded at $152.02, with a volume of 20442 shares traded. The stock had previously closed at $145.41.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bel Fuse in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $115.00.

Bel Fuse Stock Performance

The company’s 50-day moving average is $129.11 and its two-hundred day moving average is $110.22. The company has a quick ratio of 1.75, a current ratio of 3.06 and a debt-to-equity ratio of 0.53. The company has a market cap of $1.92 billion, a P/E ratio of 30.84 and a beta of 1.21.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings data on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.40 by $0.59. Bel Fuse had a net margin of 10.04% and a return on equity of 21.18%. The business had revenue of $178.98 million for the quarter, compared to analyst estimates of $171.69 million.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 4.87%.

Insider Buying and Selling at Bel Fuse

In other news, VP Joseph Berry sold 408 shares of the company’s stock in a transaction on 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 owned 17,893 shares of the company’s stock, valued at $2,580,707.39. This represents a 2.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kenneth Koon Keung Lai sold 564 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $141.96, for a total value of $80,065.44. Following the transaction, the vice president owned 7,755 shares of the company’s stock, valued at $1,100,899.80. The trade was a 6.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,027 shares of company stock worth $435,034. Corporate insiders own 5.46% of the company’s stock.

Institutional Trading of Bel Fuse

Hedge funds and other institutional investors have recently modified their holdings of the business. American Century Companies Inc. boosted its holdings in Bel Fuse by 19.6% in the 1st quarter. American Century Companies Inc. now owns 35,895 shares of the scientific and technical instruments company’s stock worth $2,587,000 after buying an additional 5,876 shares during the period. Makaira Partners LLC bought a new position in shares of Bel Fuse in the first quarter worth $288,000. Rhumbline Advisers grew its position in shares of Bel Fuse by 41.5% in the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock valued at $188,000 after purchasing an additional 767 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in shares of Bel Fuse during the 2nd quarter valued at $2,341,000. Finally, FNY Investment Advisers LLC purchased a new stake in Bel Fuse during the 2nd quarter worth about $51,000. Institutional investors own 6.01% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.