Bel Fuse (NASDAQ:BELFA) Shares Gap Down – What’s Next?

Bel Fuse Inc. (NASDAQ:BELFA)’s share price gapped down before the market opened on Monday . The stock had previously closed at $246.75, but opened at $232.39. Bel Fuse shares last traded at $246.2250, with a volume of 2,873 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $250.00 price target on shares of Bel Fuse in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bel Fuse has an average rating of “Buy” and a consensus target price of $250.00.

Bel Fuse Stock Performance

The stock has a market capitalization of $3.08 billion, a P/E ratio of 58.37 and a beta of 1.38. The company has a 50 day simple moving average of $230.83 and a 200-day simple moving average of $194.31. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.62 by $0.10. The business had revenue of $178.49 million for the quarter, compared to the consensus estimate of $172.07 million. Bel Fuse had a net margin of 7.84% and a return on equity of 22.38%.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $0.24 annualized dividend and a yield of 0.1%. Bel Fuse’s dividend payout ratio is 5.78%.

Institutional Investors Weigh In On Bel Fuse

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in Bel Fuse by 92.2% during the third quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock valued at $37,000 after purchasing an additional 153 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Bel Fuse by 6,000.0% during the first quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock valued at $55,000 after purchasing an additional 300 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in Bel Fuse during the fourth quarter valued at about $61,000. Tower Research Capital LLC TRC lifted its holdings in Bel Fuse by 447.1% during the second quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock valued at $67,000 after purchasing an additional 608 shares during the last quarter. Finally, Deutsche Bank AG purchased a new stake in Bel Fuse during the fourth quarter valued at about $111,000. 6.01% of the stock is owned by hedge funds and other institutional investors.

About Bel Fuse

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.