Bel Fuse (NASDAQ:BELFB) Shares Gap Down to $60.78

Bel Fuse Inc. (NASDAQ:BELFB)’s share price gapped down prior to trading on Friday . The stock had previously closed at $60.78, but opened at $58.61. Bel Fuse shares last traded at $60.70, with a volume of 58,880 shares changing hands.

Wall Street Analyst Weigh In

BELFB has been the topic of a number of research analyst reports. Needham & Company LLC reduced their target price on Bel Fuse from $77.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. StockNews.com upgraded Bel Fuse from a “hold” rating to a “buy” rating in a report on Friday. Finally, Northland Securities initiated coverage on Bel Fuse in a report on Thursday, January 11th. They issued an “outperform” rating and a $83.00 target price on the stock.

Bel Fuse Stock Down 4.7 %

The firm has a 50-day simple moving average of $58.10 and a 200 day simple moving average of $58.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.45 and a quick ratio of 2.21. The company has a market capitalization of $738.93 million, a PE ratio of 9.75 and a beta of 1.45.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $1.37 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.07). Bel Fuse had a net margin of 12.62% and a return on equity of 24.03%. The company had revenue of $140.01 million during the quarter, compared to analysts’ expectations of $152.86 million. On average, research analysts predict that Bel Fuse Inc. will post 4.7 EPS for the current fiscal year.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Friday, April 12th. Bel Fuse’s dividend payout ratio (DPR) is presently 4.71%.

Insider Buying and Selling at Bel Fuse

In other news, Director Vincent Vellucci sold 1,000 shares of Bel Fuse stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $56.70, for a total transaction of $56,700.00. Following the sale, the director now directly owns 7,392 shares of the company’s stock, valued at $419,126.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.37% of the stock is currently owned by corporate insiders.

Institutional Trading of Bel Fuse

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Bel Fuse by 4.8% in the third quarter. Vanguard Group Inc. now owns 676,723 shares of the electronics maker’s stock valued at $32,293,000 after buying an additional 30,752 shares during the last quarter. LSV Asset Management increased its holdings in Bel Fuse by 15.8% in the fourth quarter. LSV Asset Management now owns 249,900 shares of the electronics maker’s stock valued at $16,686,000 after buying an additional 34,100 shares during the last quarter. GW&K Investment Management LLC bought a new stake in Bel Fuse in the fourth quarter valued at about $12,537,000. Loomis Sayles & Co. L P bought a new stake in Bel Fuse in the third quarter valued at about $8,377,000. Finally, American Century Companies Inc. increased its holdings in Bel Fuse by 29.8% in the third quarter. American Century Companies Inc. now owns 169,920 shares of the electronics maker’s stock valued at $8,109,000 after buying an additional 39,046 shares during the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.