Bel Fuse (NASDAQ:BELFB) Hits New 12-Month High – What’s Next?

Bel Fuse Inc. (NASDAQ:BELFB) hit a new 52-week high during trading on Tuesday . The stock traded as high as $204.43 and last traded at $201.5950, with a volume of 79468 shares changing hands. The stock had previously closed at $200.11.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BELFB. Robert W. Baird set a $170.00 target price on shares of Bel Fuse in a research note on Friday, October 31st. Zacks Research downgraded shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 2nd. Needham & Company LLC boosted their target price on Bel Fuse from $168.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Oppenheimer set a $180.00 target price on Bel Fuse and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Bel Fuse in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Bel Fuse currently has an average rating of “Buy” and an average price target of $173.00.

Bel Fuse Stock Performance

The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 38.69, a P/E/G ratio of 2.13 and a beta of 1.56. The firm’s 50 day moving average price is $167.97 and its 200-day moving average price is $146.81. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.06 and a quick ratio of 1.75.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 5.38%.

Insider Transactions at Bel Fuse

In other news, VP Joseph Berry sold 408 shares of Bel Fuse stock in a transaction that occurred 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 sale, the vice president owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. This trade represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kenneth Koon Keung Lai sold 564 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total value of $80,065.44. Following the sale, the vice president owned 7,755 shares in the company, valued at approximately $1,100,899.80. This represents a 6.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,027 shares of company stock worth $435,034. 5.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bel Fuse

A number of institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership acquired a new position in shares of Bel Fuse in the 3rd quarter valued at $14,537,000. Thrivent Financial for Lutherans increased its stake in Bel Fuse by 66.8% in the third quarter. Thrivent Financial for Lutherans now owns 245,248 shares of the electronics maker’s stock valued at $34,584,000 after acquiring an additional 98,178 shares during the period. Bessemer Group Inc. raised its position in Bel Fuse by 28.3% in the second quarter. Bessemer Group Inc. now owns 325,800 shares of the electronics maker’s stock worth $31,827,000 after purchasing an additional 71,895 shares in the last quarter. Wasatch Advisors LP lifted its stake in Bel Fuse by 33.6% during the second quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock worth $27,745,000 after purchasing an additional 71,390 shares during the period. Finally, Portolan Capital Management LLC lifted its stake in Bel Fuse by 97.9% during the third quarter. Portolan Capital Management LLC now owns 123,766 shares of the electronics maker’s stock worth $17,453,000 after purchasing an additional 61,240 shares during the period. Institutional investors and hedge funds own 58.39% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.