Bel Fuse (NASDAQ:BELFA) Shares Down 9.1% – Should You Sell?

Bel Fuse Inc. (NASDAQ:BELFA)’s stock price traded down 9.1% on Monday . The stock traded as low as $192.65 and last traded at $189.7680. Approximately 36,568 shares changed hands during trading, a decline of 68% from the average session volume of 112,812 shares. The stock had previously closed at $208.72.

Analyst Ratings Changes

Several equities analysts recently commented on BELFA shares. Citigroup initiated coverage on shares of Bel Fuse in a research note on Monday, July 13th. They issued a “buy” rating on the stock. Weiss Ratings cut shares of Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 26th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Bel Fuse currently has an average rating of “Moderate Buy” and an average target price of $250.00.

Bel Fuse Trading Up 0.8%

The company has a market capitalization of $2.76 billion, a P/E ratio of 48.83 and a beta of 1.39. The stock has a 50 day moving average price of $219.98 and a 200 day moving average price of $225.70.

Bel Fuse (NASDAQ:BELFA) last posted its earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 EPS for the quarter, beating the consensus estimate of $2.34 by $0.42. The firm 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, October 15th. Bel Fuse’s dividend payout ratio (DPR) is 6.14%.

Insider Activity at Bel Fuse

In other Bel Fuse news, Director Vincent Vellucci sold 393 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $243.61, for a total value of $95,738.73. Following the completion of the transaction, the director directly owned 8,434 shares in the company, valued at approximately $2,054,606.74. This represents a 4.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Peter E. Gilbert sold 500 shares of the firm’s stock in a transaction on 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. The trade was a 40.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 4.75% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bel Fuse

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in shares of Bel Fuse by 6,000.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock valued at $55,000 after purchasing an additional 300 shares during the last quarter. Abel Hall LLC acquired a new position in Bel Fuse in the first quarter valued at $205,000. FNY Investment Advisers LLC grew its holdings in Bel Fuse by 16.9% during the 2nd quarter. FNY Investment Advisers LLC now owns 1,239 shares of the scientific and technical instruments company’s stock worth $360,000 after acquiring an additional 179 shares during the period. Strs Ohio bought a new position in shares of Bel Fuse in the 1st quarter worth about $396,000. Finally, Congruence Capital LLC acquired a new position in Bel Fuse in the fourth quarter valued at approximately $414,000. 6.01% of the stock is owned by institutional investors and hedge funds.

About Bel Fuse

Bel Fuse Inc is a global manufacturer of products that support the safe transmission, protection and management of electrical power and signals. The company serves original equipment manufacturers, distributors and other customers across markets including networking and telecommunications, data centers, industrial equipment, consumer electronics, automotive, medical and aerospace applications.

Its product portfolio includes circuit protection devices such as fuses and resettable protection components; power products including power supplies, converters and transformers; and interconnect products such as connectors, cable assemblies and related components.