Bel Fuse (NASDAQ:BELFA) Shares Gap Down - Time to 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 traded.

Wall Street Analysts Forecast Growth

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

Bel Fuse Trading Down 1.4%

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 firm has a 50 day simple moving average of $87.53 and a two-hundred day simple moving average of $78.60. The firm has a market capitalization of $1.48 billion, a P/E ratio of 30.24 and a beta of 1.12.

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

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.24 annualized dividend and a yield of 0.2%. Bel Fuse's dividend payout ratio is 6.22%.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its position 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 buying an additional 45,710 shares during the period. Renaissance Technologies LLC grew 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 worth $3,896,000 after purchasing an additional 1,300 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Bel Fuse by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company's stock worth $3,321,000 after purchasing an additional 3,167 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Bel Fuse by 19.6% during the first quarter. American Century Companies Inc. now owns 35,895 shares of the scientific and technical instruments company's stock worth $2,587,000 after purchasing an additional 5,876 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV purchased a new position in shares of Bel Fuse during the second quarter worth about $2,341,000. 6.01% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Company Profile

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.