Bel Fuse (NASDAQ:BELFA) Reaches New 52-Week High – Still a Buy?

Shares of Bel Fuse Inc. (NASDAQ:BELFA) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $192.14 and last traded at $193.7350, with a volume of 17704 shares. The stock had previously closed at $187.81.

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 research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $115.00.

Bel Fuse Trading Up 1.7%

The company has a fifty day moving average of $153.23 and a 200-day moving average of $130.15. The company has a current ratio of 3.06, a quick ratio of 1.75 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 38.71 and a beta of 1.22.

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

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 564 shares of Bel Fuse stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total transaction of $80,065.44. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Joseph Berry sold 408 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $144.23, for a total transaction of $58,845.84. Following the completion of the sale, the vice president owned 17,893 shares of the company’s stock, valued at $2,580,707.39. This trade represents a 2.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 3,027 shares of company stock worth $435,034. 5.46% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BELFA. BNP Paribas Financial Markets grew its position in shares of Bel Fuse by 92.2% in the third quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 153 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Bel Fuse during the second quarter worth approximately $51,000. Tower Research Capital LLC TRC boosted 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 buying an additional 608 shares during the last quarter. Rhumbline Advisers boosted its stake in Bel Fuse by 41.5% during the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock worth $188,000 after buying an additional 767 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Bel Fuse by 6.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock valued at $274,000 after buying an additional 150 shares in the last quarter. 6.01% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Company Profile

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.