Bel Fuse (NASDAQ:BELFB) Shares Gap Up – Here’s Why

Shares of Bel Fuse Inc. (NASDAQ:BELFB) gapped up before the market opened on Wednesday . The stock had previously closed at $82.11, but opened at $86.19. Bel Fuse shares last traded at $87.55, with a volume of 18,008 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Oppenheimer began coverage on Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 target price on the stock. Needham & Company LLC raised their price target on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $100.00.

Bel Fuse Trading Up 1.8 %

The stock has a market cap of $1.08 billion, a P/E ratio of 26.32, a PEG ratio of 0.96 and a beta of 1.28. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 2.71. The business’s 50 day simple moving average is $81.81 and its 200 day simple moving average is $77.17.

Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. The firm had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million. During the same quarter last year, the firm posted $1.29 EPS. On average, analysts expect that Bel Fuse Inc. will post 5.65 earnings per share for the current fiscal year.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 8.56%.

Insider Activity

In other news, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the transaction, the vice president now owns 8,023 shares in the company, valued at approximately $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.37% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BELFB. Brown Advisory Inc. acquired a new stake in Bel Fuse during the 4th quarter worth $11,807,000. Janus Henderson Group PLC grew its holdings in Bel Fuse by 55.4% during the 4th quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker’s stock worth $32,821,000 after acquiring an additional 141,951 shares during the period. Portolan Capital Management LLC grew its holdings in Bel Fuse by 72.5% during the 4th quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker’s stock worth $17,193,000 after acquiring an additional 87,612 shares during the period. Potrero Capital Research LLC grew its holdings in Bel Fuse by 107.1% during the 4th quarter. Potrero Capital Research LLC now owns 145,986 shares of the electronics maker’s stock worth $12,039,000 after acquiring an additional 75,483 shares during the period. Finally, Advisory Research Inc. grew its holdings in Bel Fuse by 27.4% during the 4th quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker’s stock worth $25,850,000 after acquiring an additional 67,460 shares during the period. Institutional investors own 58.39% of the company’s stock.

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.