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

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $89.38, but opened at $94.07. Bel Fuse shares last traded at $93.39, with a volume of 2,008 shares traded.

Analyst Ratings Changes

BELFA has been the subject of a number of analyst reports. Craig Hallum set a $115.00 price target on Bel Fuse and gave the stock a "buy" rating in a research report on Tuesday, March 25th. Baird R W upgraded shares of Bel Fuse to a "strong-buy" rating in a report on Monday, June 9th.

Bel Fuse Stock Up 0.9%

The firm's 50-day simple moving average is $78.24 and its two-hundred day simple moving average is $76.82. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 28.17 and a beta of 1.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.83 and a current ratio of 3.31.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last released its earnings results 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 net margin of 7.69% and a return on equity of 18.47%. The company had revenue of $152.24 million for the quarter, compared to the consensus estimate of $148.60 million.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse's payout ratio is presently 7.36%.

Institutional Trading of Bel Fuse

Several hedge funds and other institutional investors have recently modified their holdings of BELFA. Wells Fargo & Company MN increased its position in shares of Bel Fuse by 26.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock valued at $97,000 after acquiring an additional 223 shares during the last quarter. Bank of America Corp DE grew its stake in Bel Fuse by 41.8% in the fourth 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 purchasing an additional 486 shares in the last quarter. Rhumbline Advisers increased its position in shares of Bel Fuse by 41.5% during the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company's stock worth $188,000 after purchasing an additional 767 shares during the last quarter. Barclays PLC raised its stake in shares of Bel Fuse by 13.5% during the 4th quarter. Barclays PLC now owns 2,623 shares of the scientific and technical instruments company's stock worth $237,000 after purchasing an additional 312 shares in the last quarter. Finally, Makaira Partners LLC acquired a new stake in shares of Bel Fuse in the 1st quarter valued at approximately $288,000. Institutional investors and hedge funds own 6.01% of the company's stock.

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.