Bel Fuse (NASDAQ:BELFA) Sees Strong Trading Volume – Here’s Why

Bel Fuse Inc. (NASDAQ:BELFA) shares saw unusually-strong trading volume on Tuesday . Approximately 3,721 shares traded hands during trading, a decline of 54% from the previous session’s volume of 8,156 shares.The stock last traded at $83.50 and had previously closed at $83.50.

Bel Fuse Trading Down 2.3 %

The company has a market cap of $1.07 billion, a P/E ratio of 20.59 and a beta of 1.25. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $94.21 and a 200-day moving average price of $92.29.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.24 annualized dividend and a yield of 0.28%. Bel Fuse’s dividend payout ratio (DPR) is currently 5.81%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. MetLife Investment Management LLC grew 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 valued at $109,000 after buying an additional 619 shares during the last quarter. Rhumbline Advisers boosted its holdings 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 acquiring an additional 1,877 shares during the period. BNP Paribas Financial Markets grew its position in shares of 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 valued at $206,000 after purchasing an additional 1,790 shares during the last quarter. Barclays PLC increased its stake in shares of 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 purchasing an additional 1,701 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in Bel Fuse during the 2nd quarter worth approximately $444,000. 6.01% of the stock is owned by institutional investors and hedge funds.

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.