Bel Fuse (NASDAQ:BELFA) Sets New 1-Year Low – Should You Sell?

Bel Fuse Inc. (NASDAQ:BELFA) shares reached a new 52-week low during mid-day trading 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 target on shares of Bel Fuse and gave the company a “buy” rating in a report on Tuesday, March 25th.

Bel Fuse Price Performance

The company has a market cap of $744.32 million, a PE ratio of 19.21 and a beta of 0.99. The firm’s 50-day moving average is $78.94 and its 200-day moving average is $90.40. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80.

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

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.40%. Bel Fuse’s dividend payout ratio (DPR) is 7.77%.

Institutional Investors Weigh In On Bel Fuse

Several hedge funds have recently bought and sold shares of BELFA. Wells Fargo & Company MN boosted its holdings in Bel Fuse by 26.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company’s stock worth $97,000 after acquiring an additional 223 shares in the last quarter. MetLife Investment Management LLC grew its position in Bel Fuse by 129.2% during the 3rd quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company’s stock valued at $109,000 after purchasing an additional 619 shares during the last quarter. Bank of America Corp DE increased its stake in Bel Fuse by 41.8% during the 4th quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company’s stock valued at $148,000 after purchasing an additional 486 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in 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 worth $206,000 after buying an additional 1,790 shares during the last quarter. Finally, Barclays PLC lifted its stake 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 in the last quarter. Institutional investors own 6.01% of the company’s stock.

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.