Bel Fuse (NASDAQ:BELFA) Shares Gap Down – Here’s What Happened

Shares of Bel Fuse Inc. (NASDAQ:BELFA) gapped down before the market opened on Monday . The stock had previously closed at $180.98, but opened at $175.06. Bel Fuse shares last traded at $184.7250, with a volume of 8,070 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Bel Fuse in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Bel Fuse currently has an average rating of “Buy” and an average target price of $115.00.

Bel Fuse Stock Up 3.8%

The company has a current ratio of 3.06, a quick ratio of 1.75 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.38 billion, a P/E ratio of 38.10 and a beta of 1.22. The firm has a 50-day simple moving average of $151.80 and a two-hundred day simple moving average of $129.49.

Bel Fuse (NASDAQ:BELFA) last announced its earnings results on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.59. Bel Fuse had a net margin of 10.04% and a return on equity of 21.18%. The company had revenue of $178.98 million during the quarter, compared to analysts’ expectations of $171.69 million.

Insider Buying and Selling

In other Bel Fuse news, VP Kenneth Koon Keung Lai sold 1,936 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $144.23, for a total transaction of $279,229.28. Following the transaction, the vice president owned 8,319 shares in the company, valued at $1,199,849.37. This represents a 18.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Joseph Berry sold 408 shares of Bel Fuse stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $144.23, for a total transaction of $58,845.84. Following the completion of the sale, the vice president owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. The trade was a 2.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,027 shares of company stock worth $435,034. Company insiders own 5.46% of the company’s stock.

Institutional Trading of Bel Fuse

Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Bel Fuse in the fourth quarter worth $444,000. JPMorgan Chase & Co. grew its stake in Bel Fuse by 6.8% during the third quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock worth $274,000 after buying an additional 150 shares in the last quarter. FNY Investment Advisers LLC grew its stake in Bel Fuse by 186.7% during the third quarter. FNY Investment Advisers LLC now owns 1,637 shares of the scientific and technical instruments company’s stock worth $190,000 after buying an additional 1,066 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in Bel Fuse in the 3rd quarter valued at about $286,000. Finally, Millennium Management LLC acquired a new position in shares of Bel Fuse in the 3rd quarter valued at approximately $358,000. 6.01% of the stock is currently owned by institutional investors.

Bel Fuse Company Profile

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.