Bel Fuse (NASDAQ:BELFB) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Bel Fuse Inc. (NASDAQ:BELFB) shares crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $238.42 and traded as high as $246.67. Bel Fuse shares last traded at $238.45, with a volume of 230,799 shares.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BELFB. Citigroup assumed coverage on shares of Bel Fuse in a research note on Monday, July 13th. They issued a “buy” rating on the stock. Bank of America initiated coverage on shares of Bel Fuse in a research report on Tuesday, July 14th. They set a “buy” rating and a $330.00 price objective for the company. Needham & Company LLC assumed coverage on shares of Bel Fuse in a research note on Friday, October 30th. They issued a “buy” rating and a $300.00 target price for the company. Wall Street Zen raised shares of Bel Fuse from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Northland Securities set a $326.00 price target on shares of Bel Fuse in a research note on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $320.67.

Bel Fuse Stock Performance

The stock’s 50-day moving average price is $238.42 and its 200-day moving average price is $248.17. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 56.77, a P/E/G ratio of 1.76 and a beta of 1.70.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings results on Wednesday, October 28th. The electronics maker reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.72 by ($0.89). Bel Fuse had a return on equity of 8.53% and a net margin of 7.34%. The firm had revenue of $220.51 million during the quarter, compared to analyst estimates of $215.74 million. Analysts anticipate that Bel Fuse Inc. will post 6.98 earnings per share for the current year.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 29th. Shareholders of record on Friday, January 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Friday, January 15th. Bel Fuse’s payout ratio is presently 6.67%.

Insider Buying and Selling at Bel Fuse

In other news, Director Peter E. Gilbert sold 500 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was 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 trade represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Vincent Vellucci sold 1,000 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $235.15, for a total value of $235,150.00. Following the completion of the transaction, the director owned 7,434 shares of the company’s stock, valued at approximately $1,748,105.10. This represents a 11.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,893 shares of company stock worth $476,949 in the last three months. 5.37% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Bel Fuse

Several hedge funds have recently added to or reduced their stakes in the business. State of Wyoming acquired a new position in Bel Fuse during the first quarter worth about $30,000. KBC Group NV purchased a new stake in shares of Bel Fuse in the first quarter valued at about $38,000. Signature Equity Partners LLC acquired a new stake in shares of Bel Fuse in the first quarter valued at approximately $39,000. PNC Financial Services Group Inc. grew its position in shares of Bel Fuse by 20.2% in the first quarter. PNC Financial Services Group Inc. now owns 286 shares of the electronics maker’s stock valued at $57,000 after purchasing an additional 48 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Bel Fuse by 243.7% in the third quarter. Signaturefd LLC now owns 299 shares of the electronics maker’s stock valued at $73,000 after purchasing an additional 212 shares during the last quarter. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

About Bel Fuse

Bel Fuse Inc is a designer, manufacturer and supplier of products that power, protect and connect electronic circuits. The company’s portfolio includes circuit protection devices, magnetic components, interconnect products, power supplies, power conversion solutions and discrete components used in electronic equipment and systems.

Bel Fuse serves customers in industries including telecommunications, networking, computing, industrial equipment, consumer electronics, automotive, medical technology, aerospace and defense.