Bel Fuse (NASDAQ:BELFB) Reaches New 12-Month High - What's Next?

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $103.84 and last traded at $100.64, with a volume of 11952 shares trading hands. The stock had previously closed at $101.59.

Wall Street Analysts Forecast Growth

BELFB has been the subject of a number of research reports. Northland Securities boosted their price objective on Bel Fuse from $93.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, June 30th. Oppenheimer set a $125.00 price objective on Bel Fuse and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Baird R W raised Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Needham & Company LLC decreased their price target on Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a report on Monday, April 28th. Finally, Craig Hallum initiated coverage on shares of Bel Fuse in a research note on Tuesday, March 25th. They issued a "buy" rating and a $115.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Bel Fuse presently has a consensus rating of "Buy" and a consensus target price of $106.60.

Bel Fuse Trading Up 0.4%

The company has a market capitalization of $1.29 billion, a PE ratio of 29.56, a P/E/G ratio of 1.44 and a beta of 1.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.83 and a current ratio of 3.31. The business has a fifty day moving average price of $86.38 and a 200 day moving average price of $79.75.

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

Bel Fuse Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be given a $0.06 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.24%. Bel Fuse's payout ratio is 8.14%.

Insider Activity

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 4,000 shares of Bel Fuse stock in a transaction on Friday, June 13th. The stock was sold at an average price of $84.03, for a total transaction of $336,120.00. Following the sale, the vice president owned 12,155 shares of the company's stock, valued at $1,021,384.65. The trade was a 24.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.37% of the company's stock.

Hedge Funds Weigh In On Bel Fuse

Hedge funds have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its holdings in shares of Bel Fuse by 3.0% during the second quarter. Janney Montgomery Scott LLC now owns 3,862 shares of the electronics maker's stock valued at $377,000 after buying an additional 113 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Bel Fuse by 4.5% in the first quarter. Principal Financial Group Inc. now owns 4,411 shares of the electronics maker's stock worth $330,000 after buying an additional 189 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Bel Fuse by 0.6% in the fourth quarter. Russell Investments Group Ltd. now owns 38,617 shares of the electronics maker's stock worth $3,185,000 after buying an additional 215 shares during the last quarter. CWM LLC lifted its position in shares of Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock worth $29,000 after buying an additional 228 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Bel Fuse by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,887 shares of the electronics maker's stock worth $486,000 after buying an additional 234 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

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.