Bel Fuse (NASDAQ:BELFA) Shares Gap Up – Should You Buy?

Shares of Bel Fuse Inc. (NASDAQ:BELFA) gapped up prior to trading 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 trading hands.

Analyst Ratings Changes

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

Bel Fuse Trading Up 2.0%

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 firm has a market cap of $1.03 billion, a price-to-earnings ratio of 24.95 and a beta of 1.05. The firm’s fifty day moving average is $67.47 and its 200-day moving average is $78.16.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.29. Bel Fuse had a return on equity of 18.47% and a net margin of 7.69%. The firm had revenue of $152.24 million during the quarter, compared to analyst estimates of $148.60 million.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.30%. The ex-dividend date is Tuesday, July 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 7.36%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BELFA. American Century Companies Inc. increased its position in Bel Fuse by 58.1% in the 4th quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company’s stock valued at $2,704,000 after buying an additional 11,031 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 last quarter. Geode Capital Management LLC increased its holdings in Bel Fuse by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company’s stock worth $3,321,000 after purchasing an additional 3,167 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Bel Fuse by 26.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company’s stock worth $97,000 after purchasing an additional 223 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Bel Fuse by 3.1% in the fourth quarter. Renaissance Technologies LLC now owns 43,253 shares of the scientific and technical instruments company’s stock worth $3,896,000 after purchasing an additional 1,300 shares during the last quarter. 6.01% of the stock is owned by institutional investors.

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.