Bel Fuse (NASDAQ:BELFA) Sees Large Volume Increase – What’s Next?

Bel Fuse Inc. (NASDAQ:BELFA) saw strong trading volume on Monday . Approximately 268,810 shares were traded during mid-day trading, an increase of 142% from the previous session’s volume of 111,123 shares.The stock last traded at $230.8050 and had previously closed at $233.55.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BELFA shares. Citigroup began coverage on shares of Bel Fuse in a report on Monday, July 13th. They issued a “buy” rating on the stock. Weiss Ratings cut shares of Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $250.00.

Bel Fuse Stock Performance

The stock has a market cap of $2.93 billion, a P/E ratio of 59.11 and a beta of 1.40. The firm has a 50-day moving average price of $241.86 and a 200-day moving average price of $223.54.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.42. The company had revenue of $210.69 million for the quarter, compared to analyst estimates of $206.39 million. Bel Fuse had a return on equity of 20.55% and a net margin of 7.21%.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.24 annualized dividend and a yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is currently 6.14%.

Institutional Trading of Bel Fuse

A number of hedge funds and other institutional investors have recently modified their holdings of BELFA. PNC Financial Services Group Inc. increased its stake in shares of Bel Fuse by 6,000.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock worth $55,000 after acquiring an additional 300 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Bel Fuse by 92.2% during the third quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 153 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in Bel Fuse during the fourth quarter worth about $61,000. Deutsche Bank AG purchased a new stake in Bel Fuse in the fourth quarter worth about $111,000. Finally, Tower Research Capital LLC TRC grew its holdings in Bel Fuse by 447.1% in the second quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after purchasing an additional 608 shares during the period. 6.01% of the stock is owned by hedge funds and other institutional investors.

About Bel Fuse

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.