Bel Fuse (NASDAQ:BELFA) Sees Strong Trading Volume – Should You Buy?

Bel Fuse Inc. (NASDAQ:BELFA) shares saw unusually-strong trading volume on Monday . Approximately 11,442 shares changed hands during 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.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BELFA. Baird R W upgraded Bel Fuse to a “strong-buy” rating in a report on Monday. Craig Hallum set a $115.00 target price on Bel Fuse and gave the company a “buy” rating in a report on Tuesday, March 25th.

Bel Fuse Stock Performance

The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. The stock’s 50 day moving average is $65.48 and its 200 day moving average is $78.73. The stock has a market capitalization of $881.12 million, a price-to-earnings ratio of 22.51 and a beta of 1.05.

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

Bel Fuse Announces Dividend

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

Institutional Trading of Bel Fuse

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC lifted its stake in shares of Bel Fuse by 199.9% during the fourth quarter. Citadel Advisors LLC now owns 16,419 shares of the scientific and technical instruments company’s stock valued at $1,479,000 after buying an additional 10,945 shares during the period. JPMorgan Chase & Co. raised its holdings in Bel Fuse by 67.6% in the 4th quarter. JPMorgan Chase & Co. now owns 113,291 shares of the scientific and technical instruments company’s stock valued at $10,205,000 after acquiring an additional 45,710 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Bel Fuse by 58.1% during the 4th quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company’s stock worth $2,704,000 after purchasing an additional 11,031 shares during the period. Herald Investment Management Ltd purchased a new position in shares of Bel Fuse during the 4th quarter worth $360,000. Finally, Northern Trust Corp boosted its holdings in shares of Bel Fuse by 1.9% during the fourth quarter. Northern Trust Corp now owns 17,610 shares of the scientific and technical instruments company’s stock worth $1,586,000 after purchasing an additional 323 shares during the last quarter. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

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.