Bel Fuse (NASDAQ:BELFA) Shares Down 4.3% – Should You Sell?

Bel Fuse Inc. (NASDAQ:BELFA) shares dropped 4.3% on Monday . The company traded as low as $211.33 and last traded at $213.5990. 60,211 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 107,190 shares. The stock had previously closed at $223.13.

Wall Street Analyst Weigh In

BELFA has been the subject of several analyst reports. Citigroup started coverage on Bel Fuse in a report on Monday, July 13th. They set a “buy” rating for the company. Weiss Ratings lowered Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $250.00.

Bel Fuse Stock Performance

The business’s 50 day simple moving average is $242.67 and its 200 day simple moving average is $222.43. The company has a current ratio of 4.48, a quick ratio of 3.20 and a debt-to-equity ratio of 0.47. The company has a market cap of $3.08 billion, a P/E ratio of 62.01 and a beta of 1.40.

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

Bel Fuse Dividend Announcement

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

Hedge Funds Weigh In On Bel Fuse

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers increased its stake in Bel Fuse by 41.5% during 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 during the last quarter. Tower Research Capital LLC TRC raised its holdings in 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 valued at $67,000 after buying an additional 608 shares during the period. JPMorgan Chase & Co. raised its holdings 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 valued at $274,000 after buying an additional 150 shares during the period. Vanguard Group Inc. lifted its position in Bel Fuse by 13.9% in the third quarter. Vanguard Group Inc. now owns 52,614 shares of the scientific and technical instruments company’s stock worth $6,122,000 after buying an additional 6,408 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in 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 last quarter. Institutional investors own 6.01% of the company’s stock.

About Bel Fuse

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.