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

Key Points

• Bel Fuse shares gapped down from $114.53 to $111.24 before trading on Monday, closing at $112.72 with a trading volume of 4,358 shares.
• Baird R W raised Bel Fuse's stock rating to a "strong-buy" on June 9th, indicating positive growth expectations from analysts.
• The company announced a $0.06 quarterly dividend to be paid on October 31st, with an annualized yield of 0.2% and an ex-dividend date of October 15th.

Shares of Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $114.53, but opened at $111.24. Bel Fuse shares last traded at $112.72, with a volume of 4,358 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a report on Monday, June 9th.

Bel Fuse Stock Up 1.8%

The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.05. The company has a market capitalization of $1.51 billion, a PE ratio of 30.90 and a beta of 1.12. The company's fifty day moving average is $89.58 and its 200-day moving average is $79.05.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The scientific and technical instruments company reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.43. Bel Fuse had a return on equity of 18.33% and a net margin of 8.59%. The company had revenue of $168.30 million during the quarter, compared to analyst estimates of $149.60 million.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Wednesday, October 15th. Bel Fuse's dividend payout ratio (DPR) is currently 6.22%.

Institutional Investors Weigh In On Bel Fuse

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in shares of Bel Fuse by 67.6% during 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 during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Bel Fuse by 3.1% during the fourth quarter. Renaissance Technologies LLC now owns 43,253 shares of the scientific and technical instruments company's stock valued at $3,896,000 after acquiring an additional 1,300 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Bel Fuse by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company's stock valued at $3,321,000 after purchasing an additional 3,167 shares during the last quarter. American Century Companies Inc. raised its position in shares of Bel Fuse by 19.6% in the 1st quarter. American Century Companies Inc. now owns 35,895 shares of the scientific and technical instruments company's stock valued at $2,587,000 after purchasing an additional 5,876 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in Bel Fuse in the 2nd quarter worth approximately $2,341,000. 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.