Bel Fuse (NASDAQ:BELFA) Sets New 1-Year High Following Strong Earnings

Bel Fuse Inc. (NASDAQ:BELFA)’s stock price hit a new 52-week high on Wednesday following a better than expected earnings announcement. The stock traded as high as $227.42 and last traded at $222.2690, with a volume of 5134 shares trading hands. The stock had previously closed at $216.04.

The scientific and technical instruments company reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.78. Bel Fuse had a net margin of 10.04% and a return on equity of 21.18%. The firm had revenue of $175.94 million for the quarter, compared to the consensus estimate of $172.01 million.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Bel Fuse from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $115.00.

Institutional Trading of Bel Fuse

Several hedge funds and other institutional investors have recently made changes to their positions in BELFA. BNP Paribas Financial Markets boosted its stake in shares of Bel Fuse by 92.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 153 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Bel Fuse in the 2nd quarter valued at approximately $51,000. Deutsche Bank AG acquired a new position in Bel Fuse during the fourth quarter worth $111,000. Tower Research Capital LLC TRC boosted its position in Bel Fuse by 447.1% during the second quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after purchasing an additional 608 shares in the last quarter. Finally, PenderFund Capital Management Ltd. acquired a new stake in Bel Fuse in the fourth quarter valued at $243,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

Bel Fuse Trading Up 3.3%

The firm has a market cap of $2.83 billion, a PE ratio of 45.28 and a beta of 1.23. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.06 and a quick ratio of 1.75. The business has a 50-day moving average price of $176.13 and a two-hundred day moving average price of $141.86.

About Bel Fuse

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.