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

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $78.27, but opened at $79.99. Bel Fuse shares last traded at $81.81, with a volume of 8,476 shares.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Baird R W upgraded Bel Fuse to a "strong-buy" rating in a research note on Monday, June 9th. 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 Performance

The company has a debt-to-equity ratio of 0.76, a current ratio of 3.31 and a quick ratio of 1.83. The stock has a market cap of $1.02 billion, a PE ratio of 15.86 and a beta of 1.05. The stock has a 50-day simple moving average of $67.82 and a 200-day simple moving average of $78.03.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last announced its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.99 by $0.29. The business had revenue of $152.24 million for the quarter, compared to analyst estimates of $148.60 million. Bel Fuse had a return on equity of 18.47% and a net margin of 7.69%.

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 given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.30%. Bel Fuse's payout ratio is 7.36%.

Institutional Investors Weigh In On Bel Fuse

Institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC grew its position in shares of 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 buying an additional 10,945 shares during the last quarter. JPMorgan Chase & Co. boosted its position in 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 period. American Century Companies Inc. grew its stake in Bel Fuse by 58.1% during 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 buying an additional 11,031 shares during the last quarter. Herald Investment Management Ltd bought a new stake in Bel Fuse in the fourth quarter valued at $360,000. Finally, Bank of America Corp DE grew its position in shares of Bel Fuse by 41.8% during the fourth quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company's stock worth $148,000 after acquiring an additional 486 shares during the last quarter. 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.