Bel Fuse (NASDAQ:BELFA) Sees Strong Trading Volume – Time to Buy?

Shares of Bel Fuse Inc. (NASDAQ:BELFA) saw strong trading volume on Monday . 10,372 shares traded hands during trading, a decline of 16% from the previous session’s volume of 12,387 shares.The stock last traded at $73.82 and had previously closed at $74.50.

Bel Fuse Stock Down 0.2 %

The firm has a fifty day moving average of $81.71 and a 200-day moving average of $91.42. 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 has a market cap of $946.82 million, a P/E ratio of 24.44 and a beta of 1.11.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.01 by $0.44. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%. The company had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million.

Bel Fuse Announces Dividend

The company 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 $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 7.77%.

Hedge Funds Weigh In On Bel Fuse

Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN increased its holdings in shares of Bel Fuse by 26.1% in 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. MetLife Investment Management LLC boosted its holdings in shares of Bel Fuse by 129.2% during 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 buying an additional 619 shares during the period. Bank of America Corp DE grew its stake in Bel Fuse by 41.8% in 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 during the last quarter. BNP Paribas Financial Markets raised its holdings in 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. Finally, Barclays PLC lifted its position 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. Institutional investors and hedge funds 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.