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.

Wall Street Analysts Forecast Growth

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

Bel Fuse Stock Performance

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's 50-day moving average is $65.70 and its two-hundred day moving average is $79.53. The company has a market capitalization of $834.88 million, a P/E ratio of 21.33 and a beta of 1.17.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last released its quarterly earnings data 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. The firm 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 Dividend Announcement

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

Institutional Investors Weigh In On Bel Fuse

Several large investors have recently bought and sold shares of BELFA. Wells Fargo & Company MN raised its stake in Bel Fuse by 26.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock valued at $97,000 after purchasing an additional 223 shares during the period. Bank of America Corp DE grew its position in Bel Fuse by 41.8% in the 4th quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company's stock valued at $148,000 after acquiring an additional 486 shares during the last quarter. Rhumbline Advisers grew its position in Bel Fuse by 41.5% in the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company's stock valued at $188,000 after acquiring an additional 767 shares during the last quarter. Barclays PLC grew its position in Bel Fuse by 13.5% in the 4th quarter. Barclays PLC now owns 2,623 shares of the scientific and technical instruments company's stock valued at $237,000 after acquiring an additional 312 shares during the last quarter. Finally, Makaira Partners LLC bought a new position in Bel Fuse in the 1st quarter valued at $288,000. 6.01% of the stock is currently owned by institutional investors.

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.