Bel Fuse (NASDAQ:BELFA) Sees Large Volume Increase – Still a Buy?

Bel Fuse Inc. (NASDAQ:BELFA) saw unusually-high trading volume on Tuesday . Approximately 12,144 shares were traded during trading, an increase of 1% from the previous session’s volume of 12,065 shares.The stock last traded at $90.99 and had previously closed at $92.26.

Bel Fuse Price Performance

The stock has a market capitalization of $1.13 billion, a P/E ratio of 21.81 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. The firm has a fifty day moving average price of $97.18 and a two-hundred day moving average price of $91.91.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be given a $0.06 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.24 annualized dividend and a yield of 0.27%. Bel Fuse’s payout ratio is 5.81%.

Institutional Trading of Bel Fuse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new position in Bel Fuse during the second quarter valued at $444,000. Rhumbline Advisers lifted its position in shares of Bel Fuse by 2,346.3% during the 2nd quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock valued at $158,000 after buying an additional 1,877 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Bel Fuse by 632.5% during 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 increased its holdings 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 in the last quarter. Finally, State Street Corp raised 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 worth $2,498,000 after acquiring an additional 2,876 shares during the period. 6.01% of the stock is owned by hedge funds and other institutional investors.

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.