Bel Fuse (NASDAQ:BELFB) Hits New 52-Week High - What's Next?

Shares of Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $100.56 and last traded at $99.12, with a volume of 22246 shares traded. The stock had previously closed at $100.10.

Analysts Set New Price Targets

Several equities research analysts have weighed in on BELFB shares. Northland Securities upped their target price on Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, June 30th. Craig Hallum started coverage on Bel Fuse in a report on Tuesday, March 25th. They issued a "buy" rating and a $115.00 target price for the company. Robert W. Baird started coverage on Bel Fuse in a report on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 target price for the company. Baird R W upgraded Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Finally, Needham & Company LLC decreased their price objective on Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a research note on Monday, April 28th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $106.60.

Bel Fuse Stock Up 1.6%

The company has a quick ratio of 1.83, a current ratio of 3.31 and a debt-to-equity ratio of 0.76. The stock has a market cap of $1.28 billion, a PE ratio of 29.31, a P/E/G ratio of 1.42 and a beta of 1.51. The business has a 50 day moving average price of $80.70 and a 200 day moving average price of $78.56.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.85 by $0.50. The company had revenue of $152.24 million for the quarter, compared to the consensus estimate of $147.93 million. Bel Fuse had a return on equity of 12.38% and a net margin of 7.69%. Equities research analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.24%. Bel Fuse's dividend payout ratio is currently 8.14%.

Insider Transactions at Bel Fuse

In other news, VP Kenneth Koon Keung Lai sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $84.03, for a total value of $336,120.00. Following the transaction, the vice president owned 12,155 shares in the company, valued at $1,021,384.65. This trade represents a 24.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.37% of the company's stock.

Hedge Funds Weigh In On Bel Fuse

Several hedge funds and other institutional investors have recently made changes to their positions in BELFB. Vanguard Group Inc. lifted its position in Bel Fuse by 1.4% during the first quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker's stock worth $68,654,000 after buying an additional 12,808 shares in the last quarter. Janus Henderson Group PLC lifted its position in Bel Fuse by 55.4% during the fourth quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker's stock worth $32,821,000 after buying an additional 141,951 shares in the last quarter. American Century Companies Inc. lifted its position in Bel Fuse by 1.5% during the first quarter. American Century Companies Inc. now owns 357,131 shares of the electronics maker's stock worth $26,735,000 after buying an additional 5,376 shares in the last quarter. Advisory Research Inc. lifted its position in Bel Fuse by 27.4% during the fourth quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker's stock worth $25,850,000 after buying an additional 67,460 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Bel Fuse by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 292,020 shares of the electronics maker's stock worth $24,088,000 after buying an additional 2,722 shares in the last quarter. 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.