Bel Fuse (NASDAQ:BELFA) Hits New 1-Year High - Time to Buy?

Key Points

• Bel Fuse Inc.'s share price reached a new 52-week high of $119.00, indicating strong market performance and interest in the stock.
• Analysts have upgraded Bel Fuse to a "strong-buy" rating, suggesting positive outlook and potential for further growth.
• The company reported $1.58 earnings per share (EPS) for the last quarter, significantly surpassing estimates and demonstrating strong financial health.

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as $119.00 and last traded at $118.24, with a volume of 11624 shares trading hands. The stock had previously closed at $116.06.

Analyst Ratings Changes

Separately, Baird R W upgraded Bel Fuse to a "strong-buy" rating in a research note on Monday, June 9th.

Bel Fuse Trading Down 1.0%

The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.05. The company has a 50 day moving average of $90.62 and a two-hundred day moving average of $79.18. The stock has a market cap of $1.47 billion, a PE ratio of 30.02 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last announced its earnings results on Thursday, July 24th. The scientific and technical instruments company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.43. Bel Fuse had a net margin of 8.59% and a return on equity of 18.33%. The business had revenue of $168.30 million for the quarter, compared to analyst estimates of $149.60 million.

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be given a $0.06 dividend. The ex-dividend date is Wednesday, October 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. Bel Fuse's dividend payout ratio (DPR) is 6.22%.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors and hedge funds have recently bought and sold shares of BELFA. FNY Investment Advisers LLC acquired a new position in Bel Fuse during the second quarter worth about $51,000. Wells Fargo & Company MN boosted its position in Bel Fuse by 26.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock worth $97,000 after acquiring an additional 223 shares during the last quarter. Bank of America Corp DE boosted its position in Bel Fuse by 41.8% during the fourth quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company's stock worth $148,000 after acquiring an additional 486 shares during the last quarter. Rhumbline Advisers boosted its position in Bel Fuse by 41.5% during the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company's stock worth $188,000 after acquiring an additional 767 shares during the last quarter. Finally, Barclays PLC boosted its position in Bel Fuse by 13.5% during the fourth quarter. Barclays PLC now owns 2,623 shares of the scientific and technical instruments company's stock worth $237,000 after acquiring an additional 312 shares during the last quarter. 6.01% of the stock is currently owned by institutional investors and hedge funds.

About Bel Fuse

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.