Bel Fuse (NASDAQ:BELFB) Sets New 52-Week High - Here's Why

Shares of Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $92.68 and last traded at $92.22, with a volume of 88110 shares traded. The stock had previously closed at $90.51.

Several brokerages have issued reports on BELFB. Baird R W upgraded shares of Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Craig Hallum began 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 for the company. Needham & Company LLC cut their price objective on shares of Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Finally, Robert W. Baird began coverage on shares of Bel Fuse in a research report on Tuesday, June 10th. They set an "outperform" rating and a $88.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $99.60.

View Our Latest Research Report on BELFB

The company has a debt-to-equity ratio of 0.76, a current ratio of 3.31 and a quick ratio of 1.83. The business's 50-day moving average price is $75.17 and its two-hundred day moving average price is $77.77. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 27.13, a P/E/G ratio of 1.29 and a beta of 1.46.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, beating 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 company had revenue of $152.24 million during the quarter, compared to the consensus estimate of $147.93 million. Research analysts predict that Bel Fuse Inc. will post 4.63 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be given a $0.06 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.26%. Bel Fuse's payout ratio is 8.14%.

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 4,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 12,155 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.37% of the company's stock.

A number of hedge funds and other institutional investors have recently modified their holdings of BELFB. Bessemer Group Inc. bought a new stake in shares of Bel Fuse during the first quarter worth $19,007,000. Makaira Partners LLC bought a new stake in shares of Bel Fuse during the first quarter worth $18,415,000. Brown Advisory Inc. bought a new stake in shares of Bel Fuse during the fourth quarter worth $11,807,000. Janus Henderson Group PLC grew its stake in shares of Bel Fuse by 55.4% during the fourth quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker's stock worth $32,821,000 after buying an additional 141,951 shares during the last quarter. Finally, Portolan Capital Management LLC grew its stake in shares of Bel Fuse by 72.5% during the fourth quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker's stock worth $17,193,000 after buying an additional 87,612 shares during the last quarter. Institutional investors own 58.39% of the company's stock.

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.

Before you consider Bel Fuse, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bel Fuse wasn't on the list.

While Bel Fuse currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools.