Bel Fuse (NASDAQ:BELFA) Reaches New 52-Week Low – What’s Next?

Bel Fuse Inc. (NASDAQ:BELFA) reached a new 52-week low on Thursday . The company traded as low as $65.96 and last traded at $66.05, with a volume of 3148 shares traded. The stock had previously closed at $74.05.

Analyst Upgrades and Downgrades

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

Bel Fuse Price Performance

The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The stock has a market capitalization of $802.37 million, a price-to-earnings ratio of 20.71 and a beta of 0.99. The stock’s 50 day simple moving average is $79.98 and its 200-day simple moving average is $90.81.

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

Bel Fuse Announces Dividend

The business also recently disclosed 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 dividend yield of 0.38%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s payout ratio is 7.77%.

Institutional Investors Weigh In On Bel Fuse

A number of hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Bel Fuse by 26.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company’s stock worth $97,000 after buying an additional 223 shares during the period. MetLife Investment Management LLC increased its position in Bel Fuse by 129.2% during the third quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company’s stock worth $109,000 after acquiring an additional 619 shares during the period. Bank of America Corp DE raised 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 during the last quarter. BNP Paribas Financial Markets boosted its holdings in Bel Fuse by 632.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock valued at $206,000 after purchasing an additional 1,790 shares during the period. Finally, Barclays PLC grew its position in Bel Fuse by 278.9% in the 3rd quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock worth $230,000 after purchasing an additional 1,701 shares during the last quarter. 6.01% of the stock is currently owned by institutional investors.

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.