Bel Fuse (BELFA) Expected to Announce Earnings on Tuesday

Bel Fuse (NASDAQ:BELFA) is expected to be issuing its results after the market closes on Tuesday, February 17th. Analysts expect the company to announce earnings of $1.10 per share and revenue of $172.0070 million for the quarter.

Bel Fuse Stock Up 2.6%

Shares of NASDAQ BELFA opened at $211.24 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 3.06. Bel Fuse has a 1 year low of $53.95 and a 1 year high of $211.28. The stock’s 50-day simple moving average is $167.34 and its 200-day simple moving average is $137.48. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 42.85 and a beta of 1.23.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bel Fuse in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $115.00.

Insiders Place Their Bets

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 transaction, the vice president directly owned 17,893 shares of the company’s stock, valued at $2,580,707.39. This trade represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Kenneth Koon Keung Lai sold 1,936 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $144.23, for a total value of $279,229.28. Following the completion of the sale, the vice president directly owned 8,319 shares of the company’s stock, valued at approximately $1,199,849.37. This trade represents a 18.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,027 shares of company stock valued at $435,034 in the last quarter. 5.46% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its holdings in 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 acquiring an additional 153 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Bel Fuse by 447.1% during 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 purchasing an additional 608 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Bel Fuse by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock worth $274,000 after buying an additional 150 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Bel Fuse in the 3rd quarter valued at $286,000. Finally, Rhumbline Advisers boosted its position in Bel Fuse by 41.5% in the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock valued at $188,000 after buying an additional 767 shares in the last quarter. Institutional investors and hedge funds own 6.01% of the company’s stock.

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.