Bel Fuse (NASDAQ:BELFA) Shares Gap Down - What's Next?

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $66.10, but opened at $64.11. Bel Fuse shares last traded at $63.66, with a volume of 5,888 shares changing hands.

Wall Street Analyst Weigh In

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

Bel Fuse Stock Up 1.6%

The stock has a market cap of $849.83 million, a P/E ratio of 21.71 and a beta of 1.17. 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 50-day simple moving average of $65.58 and a two-hundred day simple moving average of $79.36.

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

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse's payout ratio is currently 7.36%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC lifted its position in Bel Fuse by 199.9% during 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 period. JPMorgan Chase & Co. lifted its holdings in shares of Bel Fuse by 67.6% during the fourth 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 during the last quarter. American Century Companies Inc. boosted 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 in the last quarter. Herald Investment Management Ltd bought a new stake in shares of Bel Fuse in the 4th quarter worth approximately $360,000. Finally, Northern Trust Corp grew its stake in shares of Bel Fuse by 1.9% in the 4th quarter. Northern Trust Corp now owns 17,610 shares of the scientific and technical instruments company's stock worth $1,586,000 after buying an additional 323 shares during the last quarter. Hedge funds and other institutional investors 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.