Bel Fuse (NASDAQ:BELFA) Shares Down 2.5% – Here’s Why

Bel Fuse Inc. (NASDAQ:BELFA)’s share price fell 2.5% during mid-day trading on Friday . The company traded as low as $73.72 and last traded at $75.14. 4,685 shares were traded during mid-day trading, a decline of 63% from the average session volume of 12,554 shares. The stock had previously closed at $77.06.

Bel Fuse Stock Performance

The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The firm has a market capitalization of $947.38 million, a PE ratio of 24.45 and a beta of 1.11. The company’s fifty day simple moving average is $83.52 and its 200 day simple moving average is $91.95.

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

Bel Fuse Announces Dividend

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

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors have recently added to or reduced their stakes in BELFA. JPMorgan Chase & Co. raised its position 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 boosted its holdings in shares of Bel Fuse by 3.1% in the 4th quarter. Renaissance Technologies LLC now owns 43,253 shares of the scientific and technical instruments company’s stock worth $3,896,000 after purchasing an additional 1,300 shares in the last quarter. Geode Capital Management LLC grew its position in Bel Fuse by 9.4% during the fourth 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. American Century Companies Inc. lifted its holdings 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 acquiring an additional 11,031 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Bel Fuse by 12.9% during the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after purchasing an additional 2,876 shares during the last quarter. 6.01% of the stock is currently owned by institutional investors.

Bel Fuse Company Profile

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.