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

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

Wall Street Analyst Weigh In

Several research analysts have commented on BELFB shares. Northland Securities raised their price target on shares of Bel Fuse from $93.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, June 30th. Robert W. Baird started coverage on shares of Bel Fuse in a report on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 price target for the company. Craig Hallum started coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They set a "buy" rating and a $115.00 price objective on the stock. Baird R W upgraded shares of Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Finally, Oppenheimer set a $125.00 price objective on shares of Bel Fuse and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Bel Fuse presently has a consensus rating of "Buy" and a consensus target price of $106.60.

Bel Fuse Stock Up 0.5%

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 business's 50 day simple moving average is $84.67 and its 200 day simple moving average is $79.35. The firm has a market capitalization of $1.25 billion, a PE ratio of 28.71, a PEG ratio of 1.44 and a beta of 1.51.

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

Bel Fuse Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.24%. Bel Fuse's dividend payout ratio (DPR) is presently 8.14%.

Insider Activity at Bel Fuse

In other news, VP Kenneth Koon Keung Lai sold 4,000 shares of the business's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $84.03, for a total transaction 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. The trade was a 24.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC acquired a new position in Bel Fuse during the fourth quarter worth about $371,000. Summit Global Investments lifted its holdings in Bel Fuse by 34.7% in the fourth quarter. Summit Global Investments now owns 8,209 shares of the electronics maker's stock valued at $677,000 after acquiring an additional 2,114 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Bel Fuse by 10.6% in the 4th quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker's stock worth $29,009,000 after acquiring an additional 33,768 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Bel Fuse in the 4th quarter worth approximately $148,000. Finally, NEOS Investment Management LLC purchased a new stake in Bel Fuse during the 4th quarter worth approximately $752,000. Hedge funds and other institutional investors own 58.39% of the company's stock.

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.