Bel Fuse (NASDAQ:BELFA) Hits New 1-Year High – Should You Buy?

Bel Fuse Inc. (NASDAQ:BELFA) shares reached a new 52-week high on Monday . The stock traded as high as $198.06 and last traded at $196.3350, with a volume of 32962 shares trading hands. The stock had previously closed at $183.75.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Bel Fuse in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $115.00.

Bel Fuse Trading Up 7.8%

The stock has a market cap of $2.51 billion, a PE ratio of 40.18 and a beta of 1.22. 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 stock has a fifty day moving average price of $158.89 and a 200 day moving average price of $132.95.

Insider Buying and Selling at Bel Fuse

In other news, VP Joseph Berry sold 408 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $58,845.84. Following the sale, the vice president owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. This represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Kenneth Koon Keung Lai sold 1,936 shares of the firm’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 $279,229.28. Following the completion of the sale, the vice president owned 8,319 shares of the company’s stock, valued at $1,199,849.37. This trade represents a 18.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,027 shares of company stock valued at $435,034 over the last ninety days. 5.46% of the stock is owned by insiders.

Institutional Trading of Bel Fuse

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers grew its stake in 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 worth $188,000 after purchasing an additional 767 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV bought a new position in shares of Bel Fuse during the 2nd quarter worth $2,341,000. FNY Investment Advisers LLC purchased a new position in shares of Bel Fuse during the second quarter valued at $51,000. Los Angeles Capital Management LLC purchased a new position in shares of Bel Fuse during the second quarter valued at $330,000. Finally, Cynosure Group LLC raised its holdings in shares of Bel Fuse by 23.2% in the second quarter. Cynosure Group LLC now owns 5,302 shares of the scientific and technical instruments company’s stock valued at $476,000 after acquiring an additional 1,000 shares in the last quarter. 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.