Bel Fuse (NASDAQ:BELFA) Share Price Passes Below 200 Day Moving Average – Here’s Why

Bel Fuse Inc. (NASDAQ:BELFA)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $91.05 and traded as low as $70.61. Bel Fuse shares last traded at $72.06, with a volume of 4,964 shares.

Analysts Set New Price Targets

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

Bel Fuse Price Performance

The company has a market capitalization of $928.51 million, a price-to-earnings ratio of 23.96 and a beta of 0.99. The company has a fifty day simple moving average of $79.98 and a two-hundred day simple moving average of $90.81. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92.

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

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s dividend payout ratio is currently 7.77%.

Institutional Investors Weigh In On Bel Fuse

A number of institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC boosted its holdings in 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 during the last quarter. Bank of America Corp DE grew its holdings in shares of 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 worth $148,000 after purchasing an additional 486 shares during the period. Northern Trust Corp increased its position in Bel Fuse by 1.9% during 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 in the last quarter. Herald Investment Management Ltd purchased a new position in Bel Fuse in the fourth quarter valued at approximately $360,000. Finally, Marshall Wace LLP acquired a new position in Bel Fuse during the fourth quarter valued at approximately $337,000. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

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.