Bel Fuse (NASDAQ:BELFB) Sets New 12-Month High – Here’s What Happened

Bel Fuse Inc. (NASDAQ:BELFB)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $85.08 and last traded at $84.69, with a volume of 22903 shares trading hands. The stock had previously closed at $84.72.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Northland Securities raised their target price on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Needham & Company LLC lifted their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com raised Bel Fuse from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Finally, Northland Capmk raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th.

Bel Fuse Trading Down 1.3 %

The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1.06 billion, a P/E ratio of 14.29 and a beta of 1.34. The company has a fifty day simple moving average of $70.57 and a two-hundred day simple moving average of $66.59.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.58. Bel Fuse had a return on equity of 20.97% and a net margin of 11.81%. The business had revenue of $133.21 million for the quarter, compared to analysts’ expectations of $130.27 million. During the same quarter in the previous year, the business posted $1.95 EPS. On average, sell-side analysts expect that Bel Fuse Inc. will post 4.52 earnings per share for the current year.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Tuesday, October 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 4.71%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Beach Investment Counsel Inc. PA acquired a new position in shares of Bel Fuse during the 2nd quarter worth about $25,000. Comerica Bank raised its holdings in Bel Fuse by 223.7% during the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after acquiring an additional 510 shares in the last quarter. SG Americas Securities LLC acquired a new position in Bel Fuse during the third quarter valued at approximately $200,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in Bel Fuse in the first quarter valued at approximately $173,000. Finally, DHK Financial Advisors Inc. acquired a new position in shares of Bel Fuse during the 2nd quarter worth approximately $335,000. Institutional investors own 58.39% of the company’s stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.