Bel Fuse (BELFA) to Release Quarterly Earnings on Tuesday

Bel Fuse (NASDAQ:BELFA) is expected to be posting its results after the market closes on Tuesday, February 17th. Analysts expect Bel Fuse to post earnings of $1.10 per share and revenue of $172.0070 million for the quarter.

Bel Fuse Stock Performance

BELFA opened at $211.24 on Tuesday. Bel Fuse has a 52-week low of $53.95 and a 52-week high of $211.28. The company has a quick ratio of 1.75, a current ratio of 3.06 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.67 billion, a P/E ratio of 42.85 and a beta of 1.23. The firm’s 50-day moving average price is $167.34 and its 200-day moving average price is $137.48.

Insider Buying and Selling at Bel Fuse

In other news, VP Joseph Berry sold 408 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $58,845.84. Following the sale, the vice president directly owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. The trade was a 2.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kenneth Koon Keung Lai sold 1,936 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $279,229.28. Following the completion of the sale, the vice president directly owned 8,319 shares in the company, valued at approximately $1,199,849.37. The trade was a 18.88% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,027 shares of company stock worth $435,034. Insiders own 5.46% of the company’s stock.

Institutional Investors Weigh In On Bel Fuse

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Bel Fuse in the 3rd quarter valued at approximately $1,628,000. Citadel Advisors LLC grew its position in shares of Bel Fuse by 434.9% in the third quarter. Citadel Advisors LLC now owns 13,336 shares of the scientific and technical instruments company’s stock valued at $1,552,000 after purchasing an additional 10,843 shares during the period. Vanguard Group Inc. grew its holdings in Bel Fuse by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 52,614 shares of the scientific and technical instruments company’s stock valued at $6,122,000 after buying an additional 6,408 shares during the period. Millennium Management LLC purchased a new stake in Bel Fuse in the third quarter valued at approximately $358,000. Finally, Geode Capital Management LLC grew its stake in shares of Bel Fuse by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 37,606 shares of the scientific and technical instruments company’s stock valued at $5,709,000 after buying an additional 2,674 shares during the period. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Bel Fuse in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $115.00.

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.