Bel Fuse (NASDAQ:BELFA) Stock Price Down 4.6% – Should You Sell?

Bel Fuse Inc. (NASDAQ:BELFA)’s stock price dropped 4.6% during trading on Monday . The company traded as low as $69.31 and last traded at $68.62. Approximately 2,862 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 11,951 shares. The stock had previously closed at $71.89.

Analyst Upgrades and Downgrades

Separately, Craig Hallum set a $115.00 price objective on shares of Bel Fuse and gave the company a “buy” rating in a research note on Tuesday, March 25th.

Bel Fuse Stock Performance

The stock has a market cap of $854.77 million, a PE ratio of 21.84 and a beta of 1.17. The stock has a fifty day moving average of $67.80 and a 200-day moving average of $81.95. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFA) last issued its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $0.99 by $0.29. The business had revenue of $152.24 million for the quarter, compared to the consensus estimate of $148.60 million. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.24 annualized dividend and a yield of 0.36%. Bel Fuse’s payout ratio is currently 7.36%.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently made changes to their positions in BELFA. JPMorgan Chase & Co. grew its position in shares of Bel Fuse by 67.6% in the fourth quarter. JPMorgan Chase & Co. now owns 113,291 shares of the scientific and technical instruments company’s stock valued at $10,205,000 after purchasing an additional 45,710 shares during the period. Herald Investment Management Ltd acquired a new stake in Bel Fuse in the 4th quarter worth about $360,000. American Century Companies Inc. grew its holdings in 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 valued at $2,704,000 after buying an additional 11,031 shares during the period. Barclays PLC increased its stake in shares of Bel Fuse by 278.9% during the 3rd quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock valued at $230,000 after acquiring an additional 1,701 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Bel Fuse by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company’s stock valued at $3,321,000 after acquiring an additional 3,167 shares during the last quarter. 6.01% of the stock is currently 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.