Bel Fuse (NASDAQ:BELFB) Hits New 52-Week High - Still a Buy?

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report)'s stock price 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 trading hands. The stock had previously closed at $100.10.

Analyst Upgrades and Downgrades

BELFB has been the topic of several recent analyst reports. Robert W. Baird initiated coverage on Bel Fuse in a research note on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price objective on the stock. Craig Hallum initiated coverage on Bel Fuse in a research note on Tuesday, March 25th. They set a "buy" rating and a $115.00 price objective on the stock. Needham & Company LLC dropped their price objective on Bel Fuse from $100.00 to $95.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Baird R W upgraded Bel Fuse to a "strong-buy" rating in a research note on Tuesday, June 10th. Finally, Oppenheimer set a $125.00 target price on Bel Fuse and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Bel Fuse presently has a consensus rating of "Buy" and an average target price of $106.60.

Bel Fuse Stock Up 0.1%

The company has a current ratio of 3.31, a quick ratio of 1.83 and a debt-to-equity ratio of 0.76. The firm has a market cap of $1.30 billion, a PE ratio of 29.74, a price-to-earnings-growth ratio of 1.45 and a beta of 1.51. The stock has a fifty day simple moving average of $82.80 and a two-hundred day simple moving average of $79.02.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.50. The company had revenue of $152.24 million during 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%. As a group, sell-side analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be issued 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 dividend yield of 0.23%. Bel Fuse's dividend payout ratio is presently 8.14%.

Insiders Place Their Bets

In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of the company's stock in a transaction 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 sale, the vice president directly owned 12,155 shares of the company's stock, valued at $1,021,384.65. This represents a 24.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bel Fuse

Institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Bel Fuse by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker's stock worth $459,000 after purchasing an additional 240 shares during the last quarter. Bosun Asset Management LLC boosted its position in Bel Fuse by 6.4% in the first quarter. Bosun Asset Management LLC now owns 21,442 shares of the electronics maker's stock worth $1,605,000 after purchasing an additional 1,289 shares during the last quarter. Apis Capital Advisors LLC boosted its position in Bel Fuse by 67.2% in the first quarter. Apis Capital Advisors LLC now owns 21,400 shares of the electronics maker's stock worth $1,602,000 after purchasing an additional 8,600 shares during the last quarter. Expect Equity LLC boosted its position in Bel Fuse by 6.8% in the first quarter. Expect Equity LLC now owns 33,211 shares of the electronics maker's stock worth $2,486,000 after purchasing an additional 2,120 shares during the last quarter. Finally, State of Wyoming boosted its position in Bel Fuse by 189.9% in the first quarter. State of Wyoming now owns 4,114 shares of the electronics maker's stock worth $308,000 after purchasing an additional 2,695 shares during the last quarter. 58.39% of the stock is owned by hedge funds and other 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.