Bel Fuse (NASDAQ:BELFA) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Bel Fuse Inc. (NASDAQ:BELFA) saw unusually-high trading volume on Tuesday . Approximately 8,836 shares changed hands during trading, an increase of 23% from the previous session’s volume of 7,169 shares.The stock last traded at $89.18 and had previously closed at $89.50.

Bel Fuse Stock Performance

The firm has a market cap of $1.09 billion, a PE ratio of 21.07 and a beta of 1.25. The business has a 50 day simple moving average of $96.33 and a two-hundred day simple moving average of $92.10. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.28%. Bel Fuse’s dividend payout ratio is currently 5.81%.

Institutional Trading of Bel Fuse

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new position in shares of Bel Fuse in the 2nd quarter valued at approximately $444,000. Rhumbline Advisers lifted its stake in shares of Bel Fuse by 2,346.3% during the second quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock worth $158,000 after buying an additional 1,877 shares during the period. BNP Paribas Financial Markets increased its position in shares of Bel Fuse by 632.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock valued at $206,000 after acquiring an additional 1,790 shares during the period. MetLife Investment Management LLC raised its stake in Bel Fuse by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company’s stock worth $109,000 after acquiring an additional 619 shares during the last quarter. Finally, State Street Corp grew its stake in Bel Fuse by 12.9% during the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after purchasing an additional 2,876 shares during the last quarter. Hedge funds and other institutional investors own 6.01% of the company’s stock.

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.