Bel Fuse (NASDAQ:BELFA) Shares Cross Below 200 Day Moving Average – What’s Next?

Bel Fuse Inc. (NASDAQ:BELFA) shares passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $226.71 and traded as low as $179.70. Bel Fuse shares last traded at $187.97, with a volume of 90,137 shares changing hands.

Analyst Ratings Changes

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

Bel Fuse Stock Down 1.9%

The firm has a 50 day moving average price of $207.07 and a two-hundred day moving average price of $226.54. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 45.21 and a beta of 1.37.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings data on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.42. Bel Fuse had a return on equity of 20.55% and a net margin of 7.21%. The firm had revenue of $210.69 million during the quarter, compared to analyst estimates of $206.39 million.

Bel Fuse Announces Dividend

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

Insider Activity at Bel Fuse

In other news, Director Vincent Vellucci sold 393 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $243.61, for a total value of $95,738.73. Following the completion of the sale, the director directly owned 8,434 shares of the company’s stock, valued at $2,054,606.74. This represents a 4.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter E. Gilbert sold 500 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 750 shares in the company, valued at $219,090. This represents a 40.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 4.75% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in shares of Bel Fuse by 62.3% during the 1st quarter. Renaissance Technologies LLC now owns 68,253 shares of the scientific and technical instruments company’s stock worth $12,299,000 after acquiring an additional 26,200 shares during the period. State Street Corp increased its holdings in Bel Fuse by 55.4% in the 2nd quarter. State Street Corp now owns 44,736 shares of the scientific and technical instruments company’s stock worth $13,028,000 after acquiring an additional 15,946 shares during the last quarter. Aristeia Capital L.L.C. increased its holdings in Bel Fuse by 21.9% in the 4th quarter. Aristeia Capital L.L.C. now owns 11,094 shares of the scientific and technical instruments company’s stock worth $1,684,000 after acquiring an additional 1,994 shares during the last quarter. Sei Investments Co. raised its stake in Bel Fuse by 110.2% in the 1st quarter. Sei Investments Co. now owns 9,681 shares of the scientific and technical instruments company’s stock valued at $1,745,000 after acquiring an additional 5,076 shares during the period. Finally, Strs Ohio purchased a new stake in Bel Fuse during the first quarter valued at about $396,000. 6.01% of the stock is owned by institutional investors.

About Bel Fuse

Bel Fuse Inc designs, manufactures and markets products used to protect, connect and manage power in electronic systems. Its product portfolio includes circuit protection devices, connectors, cable assemblies, magnetics, discrete components, power supplies and DC-to-DC converters.

The company serves a range of markets, including telecommunications and networking, data centers, industrial equipment, consumer electronics, automotive, medical, transportation, aerospace and defense. Bel Fuse sells its products to original equipment manufacturers, contract manufacturers and distributors in North America, Asia and Europe.

Founded in 1949, Bel Fuse has developed a global operating and distribution presence supporting customers across multiple regions.