Bel Fuse (NASDAQ:BELFB) Hits New 12-Month High – Still a Buy?

Bel Fuse Inc. (NASDAQ:BELFB)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $190.69 and last traded at $187.4120, with a volume of 15760 shares. The stock had previously closed at $187.43.

Analyst Ratings Changes

BELFB has been the subject of several analyst reports. Zacks Research cut Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Wall Street Zen upgraded Bel Fuse from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 21st. Weiss Ratings restated a “buy (b)” rating on shares of Bel Fuse in a report on Monday, December 29th. Oppenheimer set a $180.00 price target on shares of Bel Fuse and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Robert W. Baird set a $170.00 price objective on shares of Bel Fuse in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $164.20.

Bel Fuse Stock Performance

The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 36.53, a P/E/G ratio of 2.00 and a beta of 1.56. The company’s fifty day simple moving average is $163.67 and its 200 day simple moving average is $142.66. The company has a quick ratio of 1.75, a current ratio of 3.06 and a debt-to-equity ratio of 0.53.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio is presently 5.38%.

Insider Activity at Bel Fuse

In related news, VP Joseph Berry sold 408 shares of the business’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $144.23, for a total value of $58,845.84. Following the completion of the sale, the vice president directly owned 17,893 shares in the company, valued at $2,580,707.39. The trade was a 2.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kenneth Koon Keung Lai sold 564 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total value of $80,065.44. Following the completion of the transaction, the vice president directly owned 7,755 shares in the company, valued at approximately $1,100,899.80. This represents a 6.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 3,027 shares of company stock valued at $435,034. 5.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Bel Fuse by 4.1% during 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 period. Janney Montgomery Scott LLC lifted its holdings in shares of Bel Fuse by 3.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 3,862 shares of the electronics maker’s stock worth $377,000 after acquiring an additional 113 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Bel Fuse during the 2nd quarter worth approximately $50,000. KLP Kapitalforvaltning AS increased its stake in Bel Fuse by 33.3% in the second quarter. KLP Kapitalforvaltning AS now owns 2,400 shares of the electronics maker’s stock valued at $234,000 after acquiring an additional 600 shares during the last quarter. Finally, TrueMark Investments LLC acquired a new position in Bel Fuse during the second quarter valued at approximately $728,000. Institutional investors own 58.39% of the company’s stock.

About Bel Fuse

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.