Bel Fuse (NASDAQ:BELFB) Stock Price Down 7% - What's Next?

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

Wall Street Analyst Weigh In

BELFB has been the subject of a number of recent research reports. Needham & Company LLC cut their price objective on shares of Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a report on Monday. Craig Hallum initiated coverage on shares of Bel Fuse in a report on Tuesday, March 25th. They issued a "buy" rating and a $115.00 price objective for the company. Finally, StockNews.com downgraded shares of Bel Fuse from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $102.50.

Bel Fuse Stock Performance

The stock's fifty day moving average price is $74.45 and its two-hundred day moving average price is $78.65. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. The company has a market cap of $857.17 million, a P/E ratio of 20.91, a P/E/G ratio of 1.24 and a beta of 1.12.

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

Bel Fuse Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.35%. Bel Fuse's dividend payout ratio is 8.14%.

Hedge Funds Weigh In On Bel Fuse

Institutional investors have recently added to or reduced their stakes in the stock. NEOS Investment Management LLC acquired a new position in Bel Fuse in the 4th quarter valued at approximately $752,000. Paragon Associates & Paragon Associates II Joint Venture increased its position in Bel Fuse by 7.9% in the 4th quarter. Paragon Associates & Paragon Associates II Joint Venture now owns 68,000 shares of the electronics maker's stock valued at $5,608,000 after acquiring an additional 5,000 shares during the period. Barclays PLC increased its position in Bel Fuse by 319.5% in the 3rd quarter. Barclays PLC now owns 16,008 shares of the electronics maker's stock valued at $1,257,000 after acquiring an additional 12,192 shares during the period. Intech Investment Management LLC acquired a new position in Bel Fuse in the 4th quarter valued at approximately $371,000. Finally, Hodges Capital Management Inc. increased its position in Bel Fuse by 38.1% in the 4th quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker's stock valued at $8,630,000 after acquiring an additional 28,860 shares during the period. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Company Profile

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.