Market Runner: Is Bel Fuse, Inc. a Buy? The Stock Reaches 52-Week High Today

Market Runner: Is Bel Fuse, Inc. a Buy? The Stock Reaches 52 Week High Today

The stock of Bel Fuse, Inc. (NASDAQ:BELFB) hit a new 52-week high and has $31.97 target or 5.00% above today’s $30.45 share price. The 5 months bullish chart indicates low risk for the $354.35M company. The 1-year high was reported on Nov, 25 by If the $31.97 price target is reached, the company will be worth $17.72 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.84% or $0.55 during the last trading session, hitting $30.45. About 15,252 shares traded hands. Bel Fuse, Inc. (NASDAQ:BELFB) has risen 81.98% since April 22, 2016 and is uptrending. It has outperformed by 76.57% the S&P500.

Analysts await Bel Fuse, Inc. (NASDAQ:BELFB) to report earnings on February, 16.

According to Zacks Investment Research, “Bel Fuse Inc. is engaged in the design, manufacture and sale of products used in networking, telecommunication, automotive and consumer electronic applications. The Company operates facilities in the United States, Europe and the Far East.”

Insitutional Activity: The institutional sentiment increased to 1.75 in 2016 Q2. Its up 0.69, from 1.06 in 2016Q1. The ratio improved, as 7 funds sold all Bel Fuse, Inc. shares owned while 28 reduced positions. 8 funds bought stakes while 29 increased positions. They now own 6.12 million shares or 0.80% more from 6.07 million shares in 2016Q1.
Renaissance Ltd has 0.01% invested in the company for 264,100 shares. Ameriprise Financial Inc holds 42,085 shares or 0% of its portfolio. Moreover, Investors Asset Mgmt Of Georgia Ga Adv has 0.18% invested in Bel Fuse, Inc. (NASDAQ:BELFB) for 12,675 shares. Prudential last reported 0% of its portfolio in the stock. Spark Management Limited Liability has 29,900 shares for 0.05% of their US portfolio. Martingale Asset L P, a Massachusetts-based fund reported 14,607 shares. The New York-based Morgan Stanley has invested 0% in Bel Fuse, Inc. (NASDAQ:BELFB). Tfs Capital Ltd Liability reported 37,148 shares or 0.12% of all its holdings. Jpmorgan Chase accumulated 315,117 shares or 0% of the stock. Guggenheim Ltd Limited Liability Company accumulated 111,954 shares or 0.01% of the stock. The Connecticut-based Thomson Horstmann And Bryant has invested 0.52% in Bel Fuse, Inc. (NASDAQ:BELFB). Fmr Limited Liability Corp has 25,000 shares for 0% of their US portfolio. Prescott Group Capital Mgmt Lc has 0.25% invested in the company for 59,333 shares. First Quadrant Lp Ca owns 5,300 shares or 0% of their US portfolio. Jacobs Levy Equity Management accumulated 0.01% or 25,916 shares.

Insider Transactions: Since November 7, 2016, the stock had 0 buys, and 2 selling transactions for $140,523 net activity. $76,690 worth of Bel Fuse, Inc. (NASDAQ:BELFB) was sold by BERNSTEIN DANIEL on Monday, November 7. ACKERMAN DENNIS sold 2,500 shares worth $63,833.

Another recent and important Bel Fuse, Inc. (NASDAQ:BELFB) news was published by which published an article titled: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011.

BELFB Company Profile

Bel Fuse Inc. (Bel), incorporated on May 20, 1905, designs, makes and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating divisions are North America, Asia and Europe. The Firm markets magnetic solutions under the brand names, including Bel, TRP, MagJack and Signal. The Firm markets power solutions and protection under the brand names, which include Bel Power Solutions, Power-One and Melcher. The Firm markets connectivity solutions under the brand names Stratos, Fibreco, Cinch, Johnson, Trompeter, Midwest Microwave, Semflex and Stewart Connector. The Company’s products are used in the networking, telecommunications, computing, military, aerospace, transportation and broadcasting industries. Bel’s portfolio of products has application in the automotive, medical and consumer electronics markets.

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