Bel Fuse (NASDAQ:BELFA) Trading Down 3.7% – Should You Sell?

Bel Fuse Inc. (NASDAQ:BELFA) shares were down 3.7% during mid-day trading on Thursday . The company traded as low as $268.01 and last traded at $271.2450. Approximately 11,187 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 98,247 shares. The stock had previously closed at $281.67.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $250.00.

Bel Fuse Stock Performance

The firm’s 50-day moving average price is $251.57 and its two-hundred day moving average price is $210.70. The company has a quick ratio of 1.73, a current ratio of 3.18 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.19 billion, a PE ratio of 60.20 and a beta of 1.38.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.62 by $0.10. Bel Fuse had a net margin of 7.84% and a return on equity of 22.38%. The firm had revenue of $178.49 million for the quarter, compared to analysts’ expectations of $172.07 million.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Bel Fuse’s dividend payout ratio (DPR) is 5.78%.

Institutional Investors Weigh In On Bel Fuse

Hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in Bel Fuse by 6,000.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock valued at $55,000 after acquiring an additional 300 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Bel Fuse by 92.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 153 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of Bel Fuse in the fourth quarter worth approximately $61,000. Deutsche Bank AG purchased a new stake in shares of Bel Fuse in the fourth quarter worth approximately $111,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Bel Fuse by 447.1% during the second quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after purchasing an additional 608 shares during the period. 6.01% of the stock is owned by hedge funds and other institutional investors.

About Bel Fuse

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.