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

Bel Fuse Inc. (NASDAQ:BELFA) gapped down prior to trading on Wednesday . The stock had previously closed at $269.21, but opened at $255.04. Bel Fuse shares last traded at $246.4560, with a volume of 3,237 shares.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Robert W. Baird set a $250.00 price target on Bel Fuse in a report on Thursday, February 19th. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $250.00.

Bel Fuse Stock Up 1.0%

The company has a 50-day simple moving average of $213.99 and a 200-day simple moving average of $182.15. The firm has a market cap of $3.08 billion, a PE ratio of 58.36 and a beta of 1.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73.

Bel Fuse (NASDAQ:BELFA) last announced its earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.10. Bel Fuse had a return on equity of 22.38% and a net margin of 7.84%.The business had revenue of $178.49 million during the quarter, compared to analyst estimates of $172.07 million.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Wednesday, April 15th. Bel Fuse’s payout ratio is 5.78%.

Insider Activity at Bel Fuse

In other Bel Fuse news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total transaction of $7,948,278.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter E. Gilbert sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total value of $1,074,375.00. Following the transaction, the director owned 15,047 shares of the company’s stock, valued at $3,592,471.25. This trade represents a 23.02% decrease in their position. The disclosure for this sale is available in the SEC filing. 4.75% of the stock is owned by insiders.

Institutional Trading of Bel Fuse

A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its holdings in shares of Bel Fuse by 62.3% in the first quarter. Renaissance Technologies LLC now owns 68,253 shares of the scientific and technical instruments company’s stock valued at $12,299,000 after purchasing an additional 26,200 shares during the period. Sei Investments Co. increased its position in shares of 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. PNC Financial Services Group Inc. increased its position in shares of Bel Fuse by 6,000.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock valued at $55,000 after acquiring an additional 300 shares during the period. Abel Hall LLC acquired a new position in shares of Bel Fuse in the 1st quarter valued at $205,000. Finally, Strs Ohio acquired a new stake in Bel Fuse during the 1st quarter worth about $396,000. Hedge funds and other 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.