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

Shares of Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $65.50, but opened at $63.01. Bel Fuse shares last traded at $64.53, with a volume of 4,442 shares traded.

Wall Street Analyst Weigh In

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

Bel Fuse Stock Down 3.1%

The company has a market cap of $811.70 million, a PE ratio of 20.74 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 stock has a 50-day moving average of $66.26 and a 200-day moving average of $80.10.

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

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.37%. Bel Fuse's dividend payout ratio (DPR) is currently 7.36%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in Bel Fuse by 67.6% in the fourth quarter. JPMorgan Chase & Co. now owns 113,291 shares of the scientific and technical instruments company's stock worth $10,205,000 after buying an additional 45,710 shares during the period. American Century Companies Inc. increased its position in shares of Bel Fuse by 58.1% during the fourth quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company's stock valued at $2,704,000 after acquiring an additional 11,031 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Bel Fuse by 199.9% during the fourth 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 in the last quarter. Cynosure Group LLC bought a new stake in shares of Bel Fuse during the first quarter valued at approximately $310,000. Finally, Makaira Partners LLC bought a new stake in shares of Bel Fuse during the first quarter valued at approximately $288,000. 6.01% of the stock is 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.