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

Shares of Bel Fuse Inc. (NASDAQ:BELFA) saw unusually-high trading volume on Monday . Approximately 10,372 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 12,387 shares.The stock last traded at $73.82 and had previously closed at $74.50.

Bel Fuse Trading Down 0.2 %

The business has a 50 day moving average of $81.71 and a 200 day moving average of $91.42. The firm has a market capitalization of $946.82 million, a price-to-earnings ratio of 24.44 and a beta of 1.11. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66.

Bel Fuse (NASDAQ:BELFA) last posted its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.44. The company had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.24 annualized dividend and a yield of 0.32%. Bel Fuse’s dividend payout ratio (DPR) is presently 7.77%.

Institutional Trading of Bel Fuse

A number of large investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its stake in Bel Fuse by 26.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company’s stock worth $97,000 after purchasing an additional 223 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Bel Fuse by 129.2% during the third 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. Bank of America Corp DE raised its holdings in shares of Bel Fuse by 41.8% during the fourth quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company’s stock worth $148,000 after acquiring an additional 486 shares during the period. BNP Paribas Financial Markets lifted its position in Bel Fuse by 632.5% in 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 in the last quarter. Finally, Barclays PLC boosted its stake in Bel Fuse by 278.9% in the 3rd quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock worth $230,000 after purchasing an additional 1,701 shares during the period. Institutional investors own 6.01% of the company’s stock.

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.