Bel Fuse (NASDAQ:BELFA) Stock Crosses Above 50-Day Moving Average – What’s Next?

Bel Fuse Inc. (NASDAQ:BELFA)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $140.35 and traded as high as $156.64. Bel Fuse shares last traded at $154.30, with a volume of 76,318 shares changing hands.

Analyst Ratings Changes

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

Bel Fuse Price Performance

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 capitalization of $1.95 billion, a P/E ratio of 31.30 and a beta of 1.22. The company’s 50-day simple moving average is $140.35 and its 200 day simple moving average is $120.91.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings data on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.59. The business had revenue of $178.98 million during the quarter, compared to analyst estimates of $171.69 million. Bel Fuse had a net margin of 10.04% and a return on equity of 21.18%.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Thursday, January 15th. Bel Fuse’s dividend payout ratio is 4.87%.

Insider Buying and Selling

In related news, VP Joseph Berry sold 408 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president directly owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. This trade represents a 2.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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 stock was 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 owned 8,319 shares of the company’s stock, valued at approximately $1,199,849.37. This trade represents a 18.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,027 shares of company stock worth $435,034 over the last three months. 5.46% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BELFA. BNP Paribas Financial Markets increased its position in Bel Fuse by 92.2% during the third 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 during the period. FNY Investment Advisers LLC acquired a new stake in Bel Fuse in the 2nd quarter worth $51,000. Tower Research Capital LLC TRC increased its holdings in shares of Bel Fuse by 447.1% during the 2nd 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 during the period. JPMorgan Chase & Co. raised its position in shares of Bel Fuse by 6.8% during the third quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock valued at $274,000 after buying an additional 150 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Bel Fuse during the third quarter valued at about $286,000. 6.01% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Company Profile

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.