Bel Fuse (NASDAQ:BELFA) Shares Down 3.6% - Time to Sell?

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report)'s share price dropped 3.6% during trading on Tuesday . The company traded as low as $62.15 and last traded at $63.83. Approximately 6,261 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 12,227 shares. The stock had previously closed at $66.21.

Analyst Upgrades and Downgrades

Separately, Craig Hallum set a $115.00 target price on Bel Fuse and gave the company a "buy" rating in a research report on Tuesday, March 25th.

Bel Fuse Stock Up 0.3 %

The company has a market capitalization of $835.10 million, a PE ratio of 21.55 and a beta of 0.99. The company's fifty day moving average is $72.57 and its 200-day moving average is $86.25. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92.

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

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.36%. The ex-dividend date is Tuesday, April 15th. Bel Fuse's dividend payout ratio is presently 7.77%.

Institutional Investors Weigh In On Bel Fuse

Several large investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in shares of Bel Fuse by 26.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock worth $97,000 after acquiring an additional 223 shares during the last quarter. Barclays PLC raised its position in Bel Fuse by 13.5% in the 4th quarter. Barclays PLC now owns 2,623 shares of the scientific and technical instruments company's stock worth $237,000 after purchasing an additional 312 shares during the period. Northern Trust Corp lifted its stake in Bel Fuse by 1.9% in the fourth quarter. Northern Trust Corp now owns 17,610 shares of the scientific and technical instruments company's stock worth $1,586,000 after purchasing an additional 323 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Bel Fuse by 41.8% during the fourth quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company's stock valued at $148,000 after buying an additional 486 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Bel Fuse by 41.5% during the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company's stock valued at $188,000 after buying an additional 767 shares during the last quarter. 6.01% of the stock is owned by 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.