Bel Fuse (NASDAQ:BELFA) Shares Gap Down – Should You Sell?

Bel Fuse Inc. (NASDAQ:BELFA) shares gapped down before the market opened on Friday . The stock had previously closed at $66.40, but opened at $59.91. Bel Fuse shares last traded at $63.44, with a volume of 1,185 shares traded.

Analyst Upgrades and Downgrades

Separately, Craig Hallum set a $115.00 target price on Bel Fuse and gave the company a “buy” rating in a research note on Tuesday, March 25th.

Bel Fuse Price Performance

The business’s 50 day moving average price is $72.57 and its 200-day moving average price is $86.25. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The company has a market cap of $835.10 million, a PE ratio of 21.55 and a beta of 0.99.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.29. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%. The business had revenue of $152.24 million during the quarter, compared to analyst estimates of $148.60 million.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is 7.77%.

Institutional Investors Weigh In On Bel Fuse

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of Bel Fuse by 67.6% in the 4th quarter. JPMorgan Chase & Co. now owns 113,291 shares of the scientific and technical instruments company’s stock valued at $10,205,000 after purchasing an additional 45,710 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Bel Fuse by 3.1% during the 4th quarter. Renaissance Technologies LLC now owns 43,253 shares of the scientific and technical instruments company’s stock worth $3,896,000 after acquiring an additional 1,300 shares in the last quarter. Geode Capital Management LLC grew its holdings in Bel Fuse by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company’s stock worth $3,321,000 after acquiring an additional 3,167 shares in the last quarter. American Century Companies Inc. increased its position in shares of Bel Fuse by 58.1% in the 4th quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company’s stock worth $2,704,000 after purchasing an additional 11,031 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Bel Fuse by 12.9% in the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after purchasing an additional 2,876 shares in the last quarter. Institutional investors and hedge funds own 6.01% of the company’s stock.

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.