Bel Fuse (NASDAQ:BELFA) Posts Quarterly Earnings Results, Beats Estimates By $0.78 EPS

Bel Fuse (NASDAQ:BELFA) released its earnings results on Tuesday. The scientific and technical instruments company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.78, Zacks reports. Bel Fuse had a return on equity of 21.18% and a net margin of 10.04%.

Bel Fuse Stock Up 0.4%

Bel Fuse stock traded up $0.78 during trading hours on Tuesday, hitting $216.04. The stock had a trading volume of 33,975 shares, compared to its average volume of 59,844. The stock’s 50-day moving average price is $174.72 and its 200-day moving average price is $141.12. The stock has a market capitalization of $2.74 billion, a P/E ratio of 43.82 and a beta of 1.23. Bel Fuse has a 12-month low of $53.95 and a 12-month high of $226.00. The company has a quick ratio of 1.75, a current ratio of 3.06 and a debt-to-equity ratio of 0.53.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors have recently modified their holdings of BELFA. BNP Paribas Financial Markets increased its holdings in Bel Fuse by 92.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 153 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Bel Fuse by 447.1% in 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 acquiring an additional 608 shares during the period. Deutsche Bank AG purchased a new position in shares of Bel Fuse during the fourth quarter valued at approximately $111,000. Rhumbline Advisers lifted its position 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 valued at $188,000 after purchasing an additional 767 shares during the period. Finally, PenderFund Capital Management Ltd. purchased a new stake in Bel Fuse in the fourth quarter worth approximately $243,000. 6.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Bel Fuse from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $115.00.

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.