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

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

Bel Fuse Stock Performance

The firm has a market capitalization of $956.60 million, a PE ratio of 24.69 and a beta of 1.11. 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 firm has a fifty day moving average price of $83.27 and a 200 day moving average price of $91.92.

Bel Fuse (NASDAQ:BELFA) last announced 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 the consensus estimate of $1.01 by $0.44. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%. The firm had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.06 per share. 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 0.31%. Bel Fuse’s payout ratio is currently 7.77%.

Institutional Trading of Bel Fuse

A number of institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC raised its stake in shares of Bel Fuse by 199.9% in the 4th quarter. Citadel Advisors LLC now owns 16,419 shares of the scientific and technical instruments company’s stock valued at $1,479,000 after buying an additional 10,945 shares in the last quarter. Bank of America Corp DE grew 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 worth $148,000 after purchasing an additional 486 shares during the last quarter. Northern Trust Corp grew 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 worth $1,586,000 after purchasing an additional 323 shares during the last quarter. Herald Investment Management Ltd bought a new stake in shares of Bel Fuse in the 4th quarter worth about $360,000. Finally, Marshall Wace LLP bought a new stake in shares of Bel Fuse in the 4th quarter worth 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.