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

Bel Fuse Inc. (NASDAQ:BELFA) saw unusually-high trading volume on Tuesday . Approximately 308,236 shares changed hands during mid-day trading, an increase of 253% from the previous session’s volume of 87,368 shares.The stock last traded at $257.95 and had previously closed at $270.52.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $250.00.

Bel Fuse Stock Performance

The business’s fifty day simple moving average is $246.61 and its 200-day simple moving average is $206.26. The company has a market capitalization of $3.43 billion, a P/E ratio of 64.21 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18.

Bel Fuse (NASDAQ:BELFA) last posted its earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.62 by $0.10. Bel Fuse had a return on equity of 22.38% and a net margin of 7.84%.The firm had revenue of $178.49 million during the quarter, compared to the consensus estimate of $172.07 million.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Bel Fuse’s dividend payout ratio is 5.78%.

Hedge Funds Weigh In On Bel Fuse

A number of large investors have recently bought and sold shares of BELFA. Rhumbline Advisers boosted its stake in shares of Bel Fuse by 3.9% during the third quarter. Rhumbline Advisers now owns 3,196 shares of the scientific and technical instruments company’s stock valued at $372,000 after purchasing an additional 121 shares during the period. JPMorgan Chase & Co. lifted its holdings in Bel Fuse by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock valued at $274,000 after buying an additional 150 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Bel Fuse by 92.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock valued at $37,000 after buying an additional 153 shares during the period. Barclays PLC increased its position in shares of Bel Fuse by 12.3% during the fourth quarter. Barclays PLC now owns 2,562 shares of the scientific and technical instruments company’s stock worth $389,000 after acquiring an additional 281 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in Bel Fuse by 6,000.0% in the first quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock worth $55,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.