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

Bel Fuse Inc. (NASDAQ:BELFA) shares hit 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.

Wall Street Analysts Forecast Growth

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

Bel Fuse Trading Down 7.2 %

The stock has a market cap of $744.32 million, a P/E ratio of 19.21 and a beta of 0.99. The firm’s fifty day moving average price is $78.94 and its two-hundred day moving average price is $90.40. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.44. The firm had revenue of $149.86 million during 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 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 given a $0.06 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.24 annualized dividend and a yield of 0.40%. Bel Fuse’s dividend payout ratio (DPR) is presently 7.77%.

Hedge Funds Weigh In On Bel Fuse

A number of large investors have recently modified their holdings of BELFA. JPMorgan Chase & Co. lifted its stake in Bel Fuse by 4,248.8% in the third quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company’s stock worth $6,720,000 after purchasing an additional 66,027 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Bel Fuse by 58.1% in the 4th quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company’s stock valued at $2,704,000 after acquiring an additional 11,031 shares during the last quarter. Citadel Advisors LLC boosted its holdings in 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 valued at $1,479,000 after acquiring an additional 10,945 shares during the period. Herald Investment Management Ltd bought a new position in Bel Fuse during the 4th quarter worth approximately $360,000. Finally, Marshall Wace LLP purchased a new position in Bel Fuse in the 4th quarter worth approximately $337,000. 6.01% of the stock is owned by hedge funds and other 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.