Bel Fuse (NASDAQ:BELFA) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Bel Fuse Inc. (NASDAQ:BELFA) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $226.77 and traded as low as $203.75. Bel Fuse shares last traded at $204.77, with a volume of 165,265 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on BELFA shares. Citigroup assumed coverage on shares of Bel Fuse in a research note on Monday, July 13th. They set a “buy” rating for the company. Weiss Ratings cut shares of Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.00.

Bel Fuse Stock Down 0.6%

The firm has a 50 day moving average price of $230.79 and a 200 day moving average price of $226.64. The stock has a market capitalization of $2.91 billion, a PE ratio of 51.57 and a beta of 1.39.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.42. The business had revenue of $210.69 million during the quarter, compared to the consensus estimate of $206.39 million. Bel Fuse had a return on equity of 20.55% and a net margin of 7.21%.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.06 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio is presently 6.14%.

Insider Activity at Bel Fuse

In related news, Director Peter E. Gilbert sold 500 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $292.12, for a total transaction of $146,060.00. Following the transaction, the director directly owned 750 shares of the company’s stock, valued at $219,090. This trade represents a 40.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.75% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in shares of Bel Fuse by 62.3% in the 1st quarter. Renaissance Technologies LLC now owns 68,253 shares of the scientific and technical instruments company’s stock worth $12,299,000 after buying an additional 26,200 shares during the last quarter. Sei Investments Co. increased its position in shares of Bel Fuse by 110.2% during the first quarter. Sei Investments Co. now owns 9,681 shares of the scientific and technical instruments company’s stock valued at $1,745,000 after acquiring an additional 5,076 shares during the last quarter. Strs Ohio bought a new stake in Bel Fuse during the first quarter worth $396,000. Aristeia Capital L.L.C. boosted its position in Bel Fuse by 21.9% in the fourth quarter. Aristeia Capital L.L.C. now owns 11,094 shares of the scientific and technical instruments company’s stock worth $1,684,000 after purchasing an additional 1,994 shares during the last quarter. Finally, Congruence Capital LLC purchased a new position in Bel Fuse in the fourth quarter worth $414,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

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.