Bel Fuse (NASDAQ:BELFB) Stock Price Down 4.4% – Time to Sell?

Bel Fuse Inc. (NASDAQ:BELFB) traded down 4.4% on Thursday . The company traded as low as $306.15 and last traded at $304.0710. 21,396 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 227,909 shares. The stock had previously closed at $318.06.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. assumed coverage on Bel Fuse in a report on Wednesday, June 10th. They set an “overweight” rating and a $370.00 target price on the stock. Needham & Company LLC increased their price target on Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Northland Securities set a $321.00 price objective on Bel Fuse in a research report on Monday, May 4th. Robert W. Baird set a $293.00 price objective on Bel Fuse in a research note on Friday, May 1st. Finally, Wall Street Zen cut Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $319.80.

Bel Fuse Trading Down 10.9%

The firm has a market cap of $3.60 billion, a price-to-earnings ratio of 64.71, a price-to-earnings-growth ratio of 3.27 and a beta of 1.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. The firm’s fifty day moving average is $281.61 and its 200-day moving average is $232.66.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is 6.38%.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently made changes to their positions in BELFB. Farther Finance Advisors LLC grew its stake in Bel Fuse by 365.6% during the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 117 shares during the period. State of Wyoming acquired a new position in Bel Fuse in the first quarter valued at approximately $30,000. KBC Group NV bought a new position in shares of Bel Fuse during the 1st quarter worth approximately $38,000. Kemnay Advisory Services Inc. bought a new position in shares of Bel Fuse during the 4th quarter worth approximately $33,000. Finally, Signature Equity Partners LLC bought a new position in shares of Bel Fuse during the 1st quarter worth approximately $39,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.