Bel Fuse (BELFA) Expected to Announce Quarterly Earnings on Tuesday

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

Bel Fuse Stock Up 1.7%

NASDAQ:BELFA opened at $215.26 on Friday. Bel Fuse has a 1-year low of $53.95 and a 1-year high of $226.00. 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 firm’s 50-day moving average price is $173.41 and its 200-day moving average price is $140.21. The company has a market capitalization of $2.73 billion, a PE ratio of 43.66 and a beta of 1.23.

Insider Activity at Bel Fuse

In related news, 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 transaction of $279,229.28. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Joseph Berry sold 408 shares of the company’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 transaction of $58,845.84. Following the completion of the transaction, the vice president 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,027 shares of company stock worth $435,034 over the last quarter. Insiders own 5.46% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in shares of Bel Fuse by 92.2% in the third quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 153 shares during the period. Tower Research Capital LLC TRC raised its stake 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 acquiring an additional 608 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Bel Fuse during the 4th quarter valued at $111,000. Rhumbline Advisers boosted its holdings in Bel Fuse by 41.5% in the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock worth $188,000 after acquiring an additional 767 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Bel Fuse by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock worth $274,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 6.01% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.