Bel Fuse (NASDAQ:BELFA) Shares Down 3.6% - What's Next?

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) was down 3.6% during trading on Tuesday . The stock 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.

Analysts Set New Price Targets

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

Bel Fuse Stock Performance

The company has a market capitalization of $799.99 million, a PE ratio of 20.62 and a beta of 0.99. The business's fifty day moving average is $73.94 and its two-hundred day moving average is $87.16. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.44. The company had revenue of $149.86 million for the quarter, compared to analysts' expectations of $126.41 million. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse's payout ratio is 7.77%.

Institutional Investors Weigh In On Bel Fuse

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of Bel Fuse by 67.6% in 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 during the period. Renaissance Technologies LLC increased its position in 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 valued at $3,896,000 after acquiring an additional 1,300 shares during the period. Geode Capital Management LLC grew its position in Bel Fuse by 9.4% in the 4th 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 buying an additional 3,167 shares during the last quarter. American Century Companies Inc. lifted its position in Bel Fuse by 58.1% in the fourth 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 period. Finally, State Street Corp increased its holdings in shares of Bel Fuse by 12.9% in 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 in the last quarter. Hedge funds and other institutional investors own 6.01% of the company's stock.

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.

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