Bel Fuse (NASDAQ:BELFA) Stock Price Down 2.5% – Should You Sell?

Bel Fuse Inc. (NASDAQ:BELFA) shares dropped 2.5% during trading on Friday . The company traded as low as $73.72 and last traded at $75.14. Approximately 4,685 shares were traded during trading, a decline of 63% from the average daily volume of 12,554 shares. The stock had previously closed at $77.06.

Bel Fuse Trading Up 2.5 %

The firm has a market cap of $947.38 million, a PE ratio of 24.45 and a beta of 1.11. The firm has a fifty day simple moving average of $83.52 and a two-hundred day simple moving average of $91.95. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.44. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%. The company had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.24 annualized dividend and a yield of 0.32%. Bel Fuse’s payout ratio is 7.77%.

Institutional Investors Weigh In On Bel Fuse

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BELFA. JPMorgan Chase & Co. boosted its holdings in shares of Bel Fuse by 67.6% during the 4th quarter. JPMorgan Chase & Co. now owns 113,291 shares of the scientific and technical instruments company’s stock valued at $10,205,000 after buying an additional 45,710 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Bel Fuse by 3.1% during the fourth quarter. Renaissance Technologies LLC now owns 43,253 shares of the scientific and technical instruments company’s stock valued at $3,896,000 after purchasing an additional 1,300 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Bel Fuse by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company’s stock worth $3,321,000 after purchasing an additional 3,167 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Bel Fuse by 58.1% in the 4th quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company’s stock worth $2,704,000 after buying an additional 11,031 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Bel Fuse by 12.9% in the third quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock worth $2,498,000 after acquiring an additional 2,876 shares during the last quarter. 6.01% of the stock is owned by hedge funds and other institutional investors.

About Bel Fuse

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.