Bel Fuse (NASDAQ:BELFA) Shares Down 2.5% – Here’s Why

Shares of Bel Fuse Inc. (NASDAQ:BELFA) fell 2.5% during mid-day trading on Friday . The stock traded as low as $73.72 and last traded at $75.14. 4,685 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 12,554 shares. The stock had previously closed at $77.06.

Bel Fuse Stock Up 3.5 %

The company has a market cap of $956.60 million, a price-to-earnings ratio of 24.69 and a beta of 1.11. 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 firm’s fifty day moving average price is $83.27 and its 200-day moving average price is $91.92.

Bel Fuse (NASDAQ:BELFA) last announced 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 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 business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s payout ratio is presently 7.77%.

Hedge Funds Weigh In On Bel Fuse

A number of large investors have recently modified their holdings of the business. Citadel Advisors LLC boosted its stake in shares of Bel Fuse by 199.9% during the 4th quarter. Citadel Advisors LLC now owns 16,419 shares of the scientific and technical instruments company’s stock worth $1,479,000 after buying an additional 10,945 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Bel Fuse by 41.8% in 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 during the period. Northern Trust Corp raised its holdings in shares of Bel Fuse by 1.9% in the 4th quarter. Northern Trust Corp now owns 17,610 shares of the scientific and technical instruments company’s stock valued at $1,586,000 after purchasing an additional 323 shares during the period. Herald Investment Management Ltd bought a new stake in shares of Bel Fuse in the 4th quarter valued at about $360,000. Finally, Marshall Wace LLP bought a new stake in shares of Bel Fuse in the 4th quarter valued at about $337,000. 6.01% 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.