Bel Fuse (NASDAQ:BELFB) Trading Down 7% - Should You Sell?

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report)'s stock price fell 7% during trading on Friday . The stock traded as low as $66.52 and last traded at $65.25. 7,027 shares changed hands during trading, a decline of 91% from the average session volume of 79,855 shares. The stock had previously closed at $70.16.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Needham & Company LLC reduced their price objective on Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Monday. StockNews.com lowered Bel Fuse from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, Craig Hallum initiated coverage on Bel Fuse in a research report on Tuesday, March 25th. They set a "buy" rating and a $115.00 price target on the stock. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $102.50.

Bel Fuse Stock Down 3.4 %

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 cap of $826.70 million, a P/E ratio of 20.16, a P/E/G ratio of 1.24 and a beta of 1.12. The business has a fifty day moving average of $73.87 and a 200 day moving average of $78.48.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.50. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The business had revenue of $152.24 million during the quarter, compared to analysts' expectations of $147.93 million. On average, equities research analysts predict that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.36%. Bel Fuse's payout ratio is 8.14%.

Institutional Investors Weigh In On Bel Fuse

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. KLP Kapitalforvaltning AS acquired a new stake in shares of Bel Fuse in the 4th quarter valued at about $148,000. ProShare Advisors LLC bought a new position in Bel Fuse in the fourth quarter valued at $240,000. Integrated Quantitative Investments LLC bought a new position in shares of Bel Fuse in the 4th quarter valued at about $298,000. SG Americas Securities LLC boosted its position in Bel Fuse by 45.0% during the fourth quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker's stock valued at $305,000 after purchasing an additional 1,146 shares during the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Bel Fuse during the 4th quarter worth approximately $305,000. 58.39% 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.