Bel Fuse (NASDAQ:BELFB) Hits New 52-Week High – Time to Buy?

Bel Fuse Inc. (NASDAQ:BELFB)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $86.71 and last traded at $85.92, with a volume of 9398 shares. The stock had previously closed at $84.44.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th. Needham & Company LLC upped 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. Northland Securities upped their price objective on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Finally, StockNews.com cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd.

Bel Fuse Price Performance

The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The company’s 50 day moving average price is $79.63 and its 200 day moving average price is $71.52. The firm has a market capitalization of $1.05 billion, a P/E ratio of 19.25 and a beta of 1.33.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.07 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.33%. Bel Fuse’s dividend payout ratio (DPR) is currently 6.42%.

Insider Activity

In other Bel Fuse news, insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now directly owns 14,832 shares of the company’s stock, valued at approximately $1,151,704.80. This trade represents a 9.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joseph Francis Berry sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the transaction, the vice president now directly owns 8,023 shares in the company, valued at approximately $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is owned by insiders.

Hedge Funds Weigh In On Bel Fuse

A number of hedge funds and other institutional investors have recently bought and sold shares of BELFB. BNP Paribas Financial Markets raised its holdings in Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after purchasing an additional 200 shares during the period. nVerses Capital LLC acquired a new stake in Bel Fuse in the third quarter worth $39,000. Comerica Bank raised its holdings in Bel Fuse by 223.7% in the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 510 shares during the period. Rhumbline Advisers raised its holdings in Bel Fuse by 4.9% in the second quarter. Rhumbline Advisers now owns 16,766 shares of the electronics maker’s stock worth $1,094,000 after purchasing an additional 787 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in Bel Fuse by 10.5% in the second quarter. Principal Financial Group Inc. now owns 8,631 shares of the electronics maker’s stock worth $563,000 after purchasing an additional 823 shares during the period. 58.39% of the stock is owned by institutional investors.

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.