Bel Fuse (NASDAQ:BELFA) Shares Gap Down – Time to Sell?

Bel Fuse Inc. (NASDAQ:BELFA)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $60.95, but opened at $58.46. Bel Fuse shares last traded at $63.58, with a volume of 3,488 shares.

Analysts Set New Price Targets

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

Bel Fuse Stock Performance

The stock has a market capitalization of $784.75 million, a P/E ratio of 20.25 and a beta of 0.99. The stock’s 50-day simple moving average is $78.44 and its 200 day simple moving average is $90.10. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.44. The business had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.24 annualized dividend and a yield of 0.38%. Bel Fuse’s payout ratio is currently 7.77%.

Institutional Trading of Bel Fuse

Several hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in shares of Bel Fuse by 4,248.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company’s stock valued at $6,720,000 after purchasing an additional 66,027 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Bel Fuse by 58.1% during the fourth quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company’s stock worth $2,704,000 after buying an additional 11,031 shares during the last quarter. Citadel Advisors LLC lifted its stake in shares of Bel Fuse by 199.9% in the 4th quarter. Citadel Advisors LLC now owns 16,419 shares of the scientific and technical instruments company’s stock valued at $1,479,000 after acquiring an additional 10,945 shares during the last quarter. Herald Investment Management Ltd bought a new stake in Bel Fuse during the 4th quarter worth $360,000. Finally, Marshall Wace LLP acquired a new position in Bel Fuse in the 4th quarter worth about $337,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

About Bel Fuse

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.