Bel Fuse (NASDAQ:BELFB) Reaches New 1-Year High – What’s Next?

Bel Fuse Inc. (NASDAQ:BELFB) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $86.76 and last traded at $86.70, with a volume of 7106 shares. The stock had previously closed at $85.51.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BELFB. Northland Capmk upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th. StockNews.com cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Needham & Company LLC lifted their target price on Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, Northland Securities upped their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st.

Bel Fuse Stock Performance

The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. The stock’s 50 day moving average price is $80.17 and its 200 day moving average price is $72.27. The company has a market capitalization of $1.09 billion, a P/E ratio of 19.61 and a beta of 1.33.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 6.42%.

Insider Activity at Bel Fuse

In other news, VP Joseph Francis Berry sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total value of $80,300.00. Following the transaction, the vice president now owns 8,023 shares of the company’s stock, valued at approximately $644,246.90. This represents a 11.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stephen Dawson sold 1,500 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the transaction, the insider now directly owns 14,832 shares in the company, valued at approximately $1,151,704.80. This represents a 9.18 % decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Barclays PLC increased its position in shares of Bel Fuse by 319.5% during the third quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock valued at $1,257,000 after buying an additional 12,192 shares during the period. Geode Capital Management LLC lifted its stake in shares of Bel Fuse by 2.2% in the third quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock worth $22,716,000 after buying an additional 6,250 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Bel Fuse by 47.7% during the third quarter. Hodges Capital Management Inc. now owns 75,785 shares of the electronics maker’s stock valued at $5,950,000 after buying an additional 24,490 shares during the last quarter. Dean Investment Associates LLC increased its position in shares of Bel Fuse by 49.6% during the third quarter. Dean Investment Associates LLC now owns 47,034 shares of the electronics maker’s stock valued at $3,693,000 after acquiring an additional 15,588 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in Bel Fuse in the 3rd quarter worth approximately $288,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

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.