Bel Fuse (NASDAQ:BELFA) Shares Gap Down - Here's What Happened

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $60.95, but opened at $58.46. Bel Fuse shares last traded at $63.58, with a volume of 3,488 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 report on Tuesday, March 25th.

Bel Fuse Price Performance

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 firm's fifty day moving average price is $75.94 and its two-hundred day moving average price is $88.74. The stock has a market capitalization of $824.44 million, a PE ratio of 21.28 and a beta of 0.99.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last announced its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.44. The business had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse's payout ratio is 7.77%.

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Institutional Investors Weigh In On Bel Fuse

A number of institutional investors and hedge funds have recently bought and sold shares of BELFA. Wells Fargo & Company MN lifted its position in Bel Fuse by 26.1% during 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 purchasing an additional 223 shares during the last quarter. Bank of America Corp DE raised its position in shares of Bel Fuse by 41.8% during the 4th 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 buying an additional 486 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Bel Fuse by 41.5% in the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company's stock valued at $188,000 after acquiring an additional 767 shares during the last quarter. BNP Paribas Financial Markets grew its position in Bel Fuse by 632.5% in the third quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company's stock worth $206,000 after acquiring an additional 1,790 shares in the last quarter. Finally, Barclays PLC increased its stake in Bel Fuse by 278.9% during the third quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company's stock worth $230,000 after acquiring an additional 1,701 shares during the last quarter. 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.