Bel Fuse (NASDAQ:BELFB) Stock Price Down 6.1% – What’s Next?

Bel Fuse Inc. (NASDAQ:BELFB)’s stock price was down 6.1% during trading on Monday . The company traded as low as $257.34 and last traded at $259.8250. Approximately 52,310 shares changed hands during trading, a decline of 70% from the average daily volume of 176,639 shares. The stock had previously closed at $276.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on BELFB shares. Needham & Company LLC increased their price target on shares of Bel Fuse from $212.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Wall Street Zen cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Northland Securities set a $266.00 price target on shares of Bel Fuse in a report on Thursday, February 19th. Weiss Ratings cut shares of Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a report on Wednesday, February 25th. Finally, Zacks Research cut shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Bel Fuse currently has an average rating of “Moderate Buy” and an average target price of $216.50.

Bel Fuse Stock Up 3.4%

The company has a quick ratio of 1.71, a current ratio of 3.02 and a debt-to-equity ratio of 0.46. The company’s fifty day moving average is $222.67 and its 200-day moving average is $192.23. The company has a market cap of $3.27 billion, a PE ratio of 52.60, a PEG ratio of 2.55 and a beta of 1.56.

Bel Fuse (NASDAQ:BELFB) last issued its earnings results on Wednesday, April 29th. The electronics maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.92 by ($1.01). Bel Fuse had a return on equity of 14.80% and a net margin of 9.11%. On average, analysts predict that Bel Fuse Inc. will post 6.56 EPS for the current year.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Wednesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 5.70%.

Insider Buying and Selling at Bel Fuse

In other news, Director Peter E. Gilbert sold 4,500 shares of Bel Fuse stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the transaction, the director owned 15,047 shares in the company, valued at $3,592,471.25. This trade represents a 23.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of Bel Fuse stock in a transaction 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 SEC filing for this sale provides additional information. Company insiders own 5.37% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BELFB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Bel Fuse by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,127 shares of the electronics maker’s stock worth $459,000 after acquiring an additional 240 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Bel Fuse by 1.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,939 shares of the electronics maker’s stock worth $971,000 after acquiring an additional 116 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Bel Fuse by 2.5% during the 2nd quarter. Rhumbline Advisers now owns 15,972 shares of the electronics maker’s stock worth $1,560,000 after acquiring an additional 383 shares during the last quarter. Sei Investments Co. purchased a new position in shares of Bel Fuse during the 2nd quarter worth $312,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Bel Fuse by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,953 shares of the electronics maker’s stock worth $386,000 after acquiring an additional 337 shares during the last quarter. Hedge funds and other 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.