Bel Fuse (NASDAQ:BELFA) Shares Gap Down – Here’s Why

Bel Fuse Inc. (NASDAQ:BELFA)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $180.98, but opened at $175.06. Bel Fuse shares last traded at $184.7250, with a volume of 8,070 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Bel Fuse in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $115.00.

Bel Fuse Stock Performance

The company’s 50-day simple moving average is $156.05 and its 200 day simple moving average is $131.28. The stock has a market cap of $2.41 billion, a P/E ratio of 38.67 and a beta of 1.22. The company has a current ratio of 3.06, a quick ratio of 1.75 and a debt-to-equity ratio of 0.53.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings results on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.59. The business had revenue of $178.98 million for the quarter, compared to analyst estimates of $171.69 million. Bel Fuse had a return on equity of 21.18% and a net margin of 10.04%.

Insider Transactions at Bel Fuse

In related news, VP Joseph Berry sold 408 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $144.23, for a total transaction of $58,845.84. Following the completion of the transaction, the vice president owned 17,893 shares in the company, valued at approximately $2,580,707.39. This represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Kenneth Koon Keung Lai sold 1,936 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $144.23, for a total transaction of $279,229.28. Following the sale, the vice president owned 8,319 shares of the company’s stock, valued at $1,199,849.37. This trade represents a 18.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,027 shares of company stock worth $435,034 over the last three months. 5.46% of the stock is owned by insiders.

Institutional Trading of Bel Fuse

A number of institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC bought a new position in Bel Fuse in the 4th quarter worth approximately $444,000. JPMorgan Chase & Co. boosted its holdings in shares of Bel Fuse by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock worth $274,000 after acquiring an additional 150 shares during the period. FNY Investment Advisers LLC grew its position in shares of Bel Fuse by 186.7% in the third quarter. FNY Investment Advisers LLC now owns 1,637 shares of the scientific and technical instruments company’s stock valued at $190,000 after purchasing an additional 1,066 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Bel Fuse in the third quarter valued at $286,000. Finally, Millennium Management LLC purchased a new stake in Bel Fuse during the 3rd quarter worth about $358,000. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.