Bel Fuse (NASDAQ:BELFA) Shares Gap Down – Should You Sell?

Bel Fuse Inc. (NASDAQ:BELFA) shares gapped down prior to trading on Wednesday . The stock had previously closed at $237.00, but opened at $214.54. Bel Fuse shares last traded at $215.6220, with a volume of 3,755 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $250.00.

Bel Fuse Price Performance

The firm has a market capitalization of $2.70 billion, a PE ratio of 51.45 and a beta of 1.37. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $250.37 and a two-hundred day moving average price of $212.93.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.10. The firm had revenue of $178.49 million for the quarter, compared to the consensus estimate of $172.07 million. Bel Fuse had a return on equity of 22.38% and a net margin of 7.84%.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, July 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is 5.78%.

Institutional Trading of Bel Fuse

A number of large investors have recently bought and sold shares of the business. Hound Partners LLC purchased a new position in Bel Fuse during the 4th quarter worth $5,714,000. Renaissance Technologies LLC grew its holdings in Bel Fuse by 62.3% during the first quarter. Renaissance Technologies LLC now owns 68,253 shares of the scientific and technical instruments company’s stock worth $12,299,000 after acquiring an additional 26,200 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Bel Fuse in the third quarter worth $1,628,000. Citadel Advisors LLC lifted its holdings in Bel Fuse by 434.9% in the third quarter. Citadel Advisors LLC now owns 13,336 shares of the scientific and technical instruments company’s stock valued at $1,552,000 after acquiring an additional 10,843 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Bel Fuse by 314.2% during the 4th quarter. Millennium Management LLC now owns 12,729 shares of the scientific and technical instruments company’s stock worth $1,932,000 after purchasing an additional 9,656 shares during the period. Institutional investors and hedge funds own 6.01% of the company’s stock.

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.