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

Bel Fuse Inc. (NASDAQ:BELFA)’s stock price gapped down prior to trading 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 trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BELFA shares. Weiss Ratings raised shares of 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 objective on shares of Bel Fuse in a research report on Thursday, February 19th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Bel Fuse presently has an average rating of “Hold” and a consensus target price of $250.00.

Bel Fuse Stock Performance

The stock has a market cap of $3.12 billion, a P/E ratio of 59.15 and a beta of 1.38. The company has a fifty day moving average price of $233.07 and a 200 day moving average price of $196.07. 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. Bel Fuse had a return on equity of 22.38% and a net margin of 7.84%.The firm had revenue of $178.49 million during the quarter, compared to the consensus estimate of $172.07 million.

Bel Fuse Announces Dividend

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 paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Bel Fuse’s dividend payout ratio (DPR) is 5.78%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its holdings in Bel Fuse by 92.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 153 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Bel Fuse by 6,000.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock worth $55,000 after purchasing an additional 300 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in Bel Fuse during the 4th quarter worth approximately $61,000. Tower Research Capital LLC TRC increased its holdings in Bel Fuse by 447.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after purchasing an additional 608 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in Bel Fuse during the 4th quarter worth approximately $111,000. 6.01% of the stock is owned by 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.