Bel Fuse (NASDAQ:BELFA) Sees Strong Trading Volume – What’s Next?

Shares of Bel Fuse Inc. (NASDAQ:BELFA) saw an uptick in trading volume on Monday . 11,442 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 11,307 shares.The stock last traded at $68.41 and had previously closed at $66.05.

Analysts Set New Price Targets

Separately, Craig Hallum set a $115.00 price target on Bel Fuse and gave the company a “buy” rating in a research note on Tuesday, March 25th.

Bel Fuse Trading Up 2.0%

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 capitalization of $866.74 million, a P/E ratio of 22.14 and a beta of 1.05. The firm has a 50 day moving average of $65.47 and a 200-day moving average of $78.98.

Bel Fuse (NASDAQ:BELFA) last released its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.29. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%. The firm had revenue of $152.24 million during the quarter, compared to analysts’ expectations of $148.60 million.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.35%. Bel Fuse’s dividend payout ratio is currently 7.36%.

Institutional Trading of Bel Fuse

Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its stake in shares of Bel Fuse by 26.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company’s stock valued at $97,000 after acquiring an additional 223 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of 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 acquiring an additional 486 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Bel Fuse by 41.5% in the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock valued at $188,000 after acquiring an additional 767 shares during the last quarter. Barclays PLC lifted its stake in shares of Bel Fuse by 13.5% in the 4th quarter. Barclays PLC now owns 2,623 shares of the scientific and technical instruments company’s stock valued at $237,000 after acquiring an additional 312 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Bel Fuse in the 4th quarter valued at $337,000. 6.01% of the stock is currently owned by 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.