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

Bel Fuse Inc. (NASDAQ:BELFAGet Free Report)’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:BELFAGet Free Report) 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

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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.

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