Bel Fuse (NASDAQ:BELFA) Shares Down 4.2% - Should You Sell?

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report)'s stock price was down 4.2% during trading on Tuesday . The stock traded as low as $64.50 and last traded at $63.83. Approximately 1,708 shares changed hands during trading, a decline of 86% from the average daily volume of 12,121 shares. The stock had previously closed at $66.60.

Analyst Upgrades and Downgrades

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

Bel Fuse Trading Up 3.8 %

The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $817.29 million, a price-to-earnings ratio of 21.09 and a beta of 0.99. The business has a 50-day moving average of $70.95 and a two-hundred day moving average of $85.27.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last announced its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.28 EPS for the quarter, topping 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 business 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 disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Tuesday, July 15th. Bel Fuse's dividend payout ratio (DPR) is presently 7.36%.

Institutional Investors Weigh In On Bel Fuse

Several hedge funds have recently bought and sold shares of BELFA. Barclays PLC grew its stake in Bel Fuse by 278.9% during the third quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company's stock worth $230,000 after buying an additional 1,701 shares in the last quarter. Geode Capital Management LLC lifted its stake in Bel Fuse by 9.0% during the third quarter. Geode Capital Management LLC now owns 33,694 shares of the scientific and technical instruments company's stock worth $3,351,000 after purchasing an additional 2,778 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Bel Fuse by 4,248.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company's stock worth $6,720,000 after buying an additional 66,027 shares during the last quarter. American Century Companies Inc. lifted its stake 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 purchasing an additional 11,031 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Bel Fuse by 26.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock valued at $97,000 after buying an additional 223 shares in the last quarter. 6.01% of the stock is currently owned by institutional investors and hedge funds.

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.