Bel Fuse (NASDAQ:BELFA) Sets New 12-Month Low - Time to Sell?

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) shares hit a new 52-week low on Thursday . The stock traded as low as $65.96 and last traded at $66.05, with a volume of 3148 shares trading hands. The stock had previously closed at $74.05.

Analyst Upgrades and Downgrades

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

Bel Fuse Stock Performance

The company has a market cap of $756.60 million, a price-to-earnings ratio of 19.53 and a beta of 0.99. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. The stock's 50 day moving average price is $77.37 and its 200 day moving average price is $89.61.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last issued its quarterly earnings results 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. The firm had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%.

Bel Fuse Dividend Announcement

The company also recently announced 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 dividend yield of 0.40%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse's dividend payout ratio (DPR) is currently 7.77%.

Remove Ads

Hedge Funds Weigh In On Bel Fuse

Several hedge funds and other institutional investors have recently modified their holdings of BELFA. JPMorgan Chase & Co. lifted its holdings 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 valued at $6,720,000 after acquiring an additional 66,027 shares in the last quarter. State Street Corp raised its position in Bel Fuse by 12.9% in the third 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 period. Geode Capital Management LLC lifted its stake in shares of 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 in the last quarter. Barclays PLC boosted its position in shares of Bel Fuse by 278.9% in 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 during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Bel Fuse by 632.5% in the third quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company's stock valued at $206,000 after buying an additional 1,790 shares in the last quarter. 6.01% of the stock is 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.