Bel Fuse (NASDAQ:BELFA) Stock Price Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Bel Fuse shares fell below their 200-day moving average, trading as low as $203.75 versus the $226.77 average, with the latest price at $204.77.
• Analysts remain cautiously positive, with one Buy and one Hold rating producing a “Moderate Buy” consensus and an average price target of $250.
• The company exceeded quarterly expectations, reporting $2.76 in EPS and $210.69 million in revenue, while announcing a quarterly dividend of $0.06 per share.

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 Analysts Forecast Growth

A number of equities research analysts have issued reports on BELFA shares. Citigroup started coverage on shares of Bel Fuse in a research note on Monday, July 13th. They set a "buy" rating for the company. Weiss Ratings downgraded shares of Bel Fuse from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $250.00.

Bel Fuse Stock Performance

The company has a 50 day moving average of $231.79 and a 200 day moving average of $226.77. The firm has a market cap of $2.96 billion, a P/E ratio of 52.37 and a beta of 1.40.

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

Bel Fuse Dividend Announcement

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 paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th. Bel Fuse's payout ratio is presently 6.14%.

Insider Transactions at Bel Fuse

In related news, Director Peter E. Gilbert sold 500 shares of the company's stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $292.12, for a total value of $146,060.00. Following the completion of the sale, the director directly owned 750 shares in the company, valued at approximately $219,090. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 4.75% of the company's stock.

Hedge Funds Weigh In On Bel Fuse

Several institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers boosted its stake in shares of Bel Fuse by 3.9% during the 3rd quarter. Rhumbline Advisers now owns 3,196 shares of the scientific and technical instruments company's stock worth $372,000 after acquiring an additional 121 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Bel Fuse by 6.8% in 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 acquiring an additional 150 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Bel Fuse by 92.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company's stock valued at $37,000 after acquiring an additional 153 shares in the last quarter. FNY Investment Advisers LLC raised its stake in shares of Bel Fuse by 16.9% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,239 shares of the scientific and technical instruments company's stock valued at $360,000 after acquiring an additional 179 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Bel Fuse by 12.3% in the 4th quarter. Barclays PLC now owns 2,562 shares of the scientific and technical instruments company's stock worth $389,000 after purchasing an additional 281 shares during the last quarter. 6.01% of the stock is currently owned by institutional investors.

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.

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