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

Bel Fuse Inc. (NASDAQ:BELFB) shares hit a new 52-week high during trading on Monday . The company traded as high as $179.41 and last traded at $176.9740, with a volume of 65602 shares trading hands. The stock had previously closed at $175.69.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BELFB. Northland Securities set a $188.00 price target on Bel Fuse in a research note on Friday, October 31st. Wall Street Zen raised Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Sunday. Weiss Ratings restated a “buy (b)” rating on shares of Bel Fuse in a research note on Tuesday. Needham & Company LLC raised their target price on Bel Fuse from $130.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Zacks Research raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $164.20.

Bel Fuse Stock Performance

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 stock has a fifty day simple moving average of $157.64 and a 200-day simple moving average of $134.77. The company has a market capitalization of $2.23 billion, a P/E ratio of 34.62, a PEG ratio of 1.95 and a beta of 1.55.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, January 15th. Bel Fuse’s dividend payout ratio is currently 5.38%.

Insider Activity 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 shares were sold at an average price of $144.23, for a total value of $58,845.84. Following the completion of the transaction, the vice president owned 17,893 shares in the company, valued at approximately $2,580,707.39. The trade was a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Kenneth Koon Keung Lai sold 564 shares of the firm’s stock in a transaction 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 directly owned 7,755 shares of the company’s stock, valued at $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. In the last ninety days, insiders have sold 3,027 shares of company stock valued at $435,034. Company insiders own 5.37% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in shares of Bel Fuse by 139.8% during the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 151 shares during the period. Federated Hermes Inc. lifted its position in Bel Fuse by 52.5% during the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock valued at $47,000 after purchasing an additional 115 shares during the period. Ameritas Advisory Services LLC acquired a new position in Bel Fuse during the 2nd quarter valued at about $50,000. State of Alaska Department of Revenue bought a new position in shares of Bel Fuse in the 3rd quarter valued at about $78,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of Bel Fuse during the 3rd quarter worth approximately $138,000. 58.39% of the stock is currently owned by institutional investors.

About Bel Fuse

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.