Bel Fuse (NASDAQ:BELFB) Shares Gap Up – Still a Buy?

Bel Fuse Inc. (NASDAQ:BELFB) shares gapped up before the market opened on Wednesday . The stock had previously closed at $82.11, but opened at $86.19. Bel Fuse shares last traded at $87.55, with a volume of 18,008 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Oppenheimer assumed coverage on shares of Bel Fuse in a research note on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price objective on the stock. StockNews.com cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 29th. Finally, Needham & Company LLC raised their price objective on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $98.33.

Bel Fuse Stock Up 6.9 %

The business’s 50 day moving average is $81.87 and its 200-day moving average is $76.96. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 20.13, a PEG ratio of 0.97 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). Bel Fuse had a net margin of 10.44% and a return on equity of 17.97%. The company had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. During the same period in the prior year, the business posted $1.29 EPS. On average, sell-side analysts predict that Bel Fuse Inc. will post 4.18 EPS for the current fiscal year.

Insider Activity at Bel Fuse

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the transaction, the vice president now owns 8,023 shares in the company, valued at approximately $644,246.90. This trade represents a 11.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the transaction, the insider now owns 14,832 shares in the company, valued at $1,151,704.80. The trade was a 9.18 % decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BELFB. nVerses Capital LLC purchased a new position in shares of Bel Fuse during the 3rd quarter worth $39,000. KLP Kapitalforvaltning AS purchased a new position in shares of Bel Fuse during the 4th quarter worth $148,000. BNP Paribas Financial Markets raised its holdings in shares of Bel Fuse by 10.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after acquiring an additional 200 shares during the period. SG Americas Securities LLC purchased a new position in shares of Bel Fuse during the 3rd quarter worth $200,000. Finally, ProShare Advisors LLC purchased a new position in shares of Bel Fuse during the 4th quarter worth $240,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.