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.

Wall Street Analysts Forecast Growth

BELFA has been the topic of a number of research reports. Weiss Ratings raised 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 target price on Bel Fuse in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $250.00.

Bel Fuse Price Performance

The stock has a market capitalization of $3.08 billion, a P/E ratio of 58.37 and a beta of 1.38. The business’s 50 day simple moving average is $230.83 and its two-hundred day simple moving average is $194.31. The company has a quick ratio of 1.73, a current ratio of 3.18 and a debt-to-equity ratio of 0.47.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.10. Bel Fuse had a net margin of 7.84% and a return on equity of 22.38%. The firm had revenue of $178.49 million for the quarter, compared to analyst estimates of $172.07 million.

Bel Fuse Dividend Announcement

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 Trading of Bel Fuse

Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC raised its holdings in shares of Bel Fuse by 62.3% in the first quarter. Renaissance Technologies LLC now owns 68,253 shares of the scientific and technical instruments company’s stock valued at $12,299,000 after purchasing an additional 26,200 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Bel Fuse by 110.2% in the first quarter. Sei Investments Co. now owns 9,681 shares of the scientific and technical instruments company’s stock valued at $1,745,000 after purchasing an additional 5,076 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Bel Fuse by 6,000.0% in the first quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock valued at $55,000 after purchasing an additional 300 shares during the last quarter. Abel Hall LLC purchased a new stake in shares of Bel Fuse in the first quarter valued at about $205,000. Finally, Strs Ohio purchased a new stake in shares of Bel Fuse in the first quarter valued at about $396,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

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.