Bel Fuse (NASDAQ:BELFA) Shares Gap Down – Should You Sell?
by Tristan Rich · The Markets DailyBel Fuse Inc. (NASDAQ:BELFA – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $155.40, but opened at $149.98. Bel Fuse shares last traded at $152.1250, with a volume of 4,822 shares trading hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Bel Fuse in a research report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Bel Fuse currently has a consensus rating of “Buy” and a consensus price target of $115.00.
View Our Latest Analysis on Bel Fuse
Bel Fuse Price Performance
The stock has a market capitalization of $1.91 billion, a P/E ratio of 30.64 and a beta of 1.21. The stock’s fifty day moving average is $130.63 and its 200-day moving average is $111.46. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.06 and a quick ratio of 1.75.
Bel Fuse (NASDAQ:BELFA – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.59. Bel Fuse had a return on equity of 21.18% and a net margin of 10.04%.The business had revenue of $178.98 million for the quarter, compared to the consensus estimate of $171.69 million.
Bel Fuse Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, January 15th. Bel Fuse’s payout ratio is presently 4.87%.
Insider Buying and Selling at Bel Fuse
In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 564 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total transaction of $80,065.44. Following the completion of the transaction, the vice president owned 7,755 shares of the company’s stock, valued at $1,100,899.80. The trade was a 6.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joseph Berry sold 408 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $144.23, for a total transaction of $58,845.84. Following the sale, the vice president owned 17,893 shares of the company’s stock, valued at $2,580,707.39. This trade represents a 2.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 3,027 shares of company stock valued at $435,034. 5.46% of the stock is owned by insiders.
Hedge Funds Weigh In On Bel Fuse
Large investors have recently made changes to their positions in the business. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in shares of Bel Fuse in the second quarter worth $2,341,000. Arrowstreet Capital Limited Partnership bought a new stake in Bel Fuse in the 3rd quarter valued at $1,628,000. Citadel Advisors LLC boosted its holdings in Bel Fuse by 434.9% in the 3rd quarter. Citadel Advisors LLC now owns 13,336 shares of the scientific and technical instruments company’s stock valued at $1,552,000 after purchasing an additional 10,843 shares during the period. Vanguard Group Inc. grew its position in Bel Fuse by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 52,614 shares of the scientific and technical instruments company’s stock worth $6,122,000 after purchasing an additional 6,408 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Bel Fuse by 19.6% during the 1st quarter. American Century Companies Inc. now owns 35,895 shares of the scientific and technical instruments company’s stock worth $2,587,000 after purchasing an additional 5,876 shares during the period. Institutional investors and hedge funds own 6.01% of the company’s stock.
Bel Fuse Company Profile
Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.
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