Bel Fuse (NASDAQ:BELFA) Sets New 52-Week High – Should You Buy?

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Bel Fuse in a research note 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $115.00.

Bel Fuse Trading Up 0.9%

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 company’s 50-day moving average is $156.05 and its 200 day moving average is $131.28. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 39.03 and a beta of 1.22.

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

Insider Buying and Selling at Bel Fuse

In other Bel Fuse news, VP Joseph Berry sold 408 shares of the company’s stock in a transaction on 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 transaction, the vice president directly owned 17,893 shares in the company, valued at approximately $2,580,707.39. This represents 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 hyperlink. Also, VP Kenneth Koon Keung Lai sold 564 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $141.96, for a total transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 3,027 shares of company stock valued at $435,034. 5.46% of the stock is owned by insiders.

Institutional Trading of Bel Fuse

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted 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 valued at $37,000 after purchasing an additional 153 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Bel Fuse in the 2nd quarter valued at about $51,000. Tower Research Capital LLC TRC lifted its stake in Bel Fuse by 447.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after purchasing an additional 608 shares in the last quarter. Rhumbline Advisers lifted its stake in Bel Fuse by 41.5% in the 1st 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. Finally, JPMorgan Chase & Co. grew its position in shares of Bel Fuse by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock valued at $274,000 after purchasing an additional 150 shares in the last quarter. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

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.