Bel Fuse (NASDAQ:BELFA) Releases 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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Trading Up 0.4%

Shares of BELFA stock traded up $0.78 during mid-day trading on Tuesday, reaching $216.04. The stock had a trading volume of 33,975 shares, compared to its average volume of 59,844. The firm has a market capitalization of $2.74 billion, a PE ratio of 43.82 and a beta of 1.23. The stock’s 50-day moving average price is $174.72 and its two-hundred day moving average price is $141.12. The company has a current ratio of 3.06, a quick ratio of 1.75 and a debt-to-equity ratio of 0.53. Bel Fuse has a 52-week low of $53.95 and a 52-week high of $226.00.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its stake in shares of Bel Fuse by 92.2% during 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 buying an additional 153 shares during the period. Tower Research Capital LLC TRC boosted its holdings in 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 valued at $67,000 after acquiring an additional 608 shares in the last quarter. Deutsche Bank AG purchased a new position in Bel Fuse during the 4th quarter valued at $111,000. Rhumbline Advisers raised its holdings 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, PenderFund Capital Management Ltd. purchased a new stake in shares of Bel Fuse in the 4th quarter worth about $243,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Analysts Set New Price Targets

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