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 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 target price on Bel Fuse and gave the stock a “buy” rating in a research report on Tuesday, March 25th.

Bel Fuse Stock Down 13.6 %

The company has a market capitalization of $802.37 million, a price-to-earnings ratio of 20.71 and a beta of 0.99. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average price of $79.98 and a two-hundred day moving average price of $90.81.

Bel Fuse (NASDAQ:BELFA) last posted 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. The company 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 7.77%.

Institutional Investors Weigh In On Bel Fuse

Several large investors have recently added to or reduced their stakes in BELFA. Citadel Advisors LLC boosted its holdings in shares of Bel Fuse by 199.9% in the fourth 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 in the last quarter. Bank of America Corp DE lifted its holdings in shares of Bel Fuse by 41.8% in the fourth 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 buying an additional 486 shares during the period. Northern Trust Corp lifted its holdings in 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 acquiring an additional 323 shares during the last quarter. Herald Investment Management Ltd bought a new stake in Bel Fuse during the fourth quarter worth approximately $360,000. Finally, Marshall Wace LLP acquired a new position in shares of Bel Fuse in the 4th quarter valued at $337,000. 6.01% of the stock is owned by institutional investors and hedge funds.

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.