Bel Fuse (NASDAQ:BELFA) Sees Strong Trading Volume – Still a Buy?

Shares of Bel Fuse Inc. (NASDAQ:BELFA) saw strong trading volume on Wednesday . Approximately 184,455 shares traded hands during trading, an increase of 90% from the previous session’s volume of 97,055 shares.The stock last traded at $282.2230 and had previously closed at $291.23.

Analyst Upgrades and Downgrades

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

Bel Fuse Stock Down 4.3%

The business has a 50 day moving average of $250.63 and a 200 day moving average of $209.82. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.18 and a quick ratio of 1.73. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 67.33 and a beta of 1.38.

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

Bel Fuse Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its stake in Bel Fuse by 62.3% during the first quarter. Renaissance Technologies LLC now owns 68,253 shares of the scientific and technical instruments company’s stock worth $12,299,000 after purchasing an additional 26,200 shares during the period. Vanguard Group Inc. grew its stake in shares of Bel Fuse by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 52,614 shares of the scientific and technical instruments company’s stock valued at $6,122,000 after purchasing an additional 6,408 shares during the period. Hound Partners LLC acquired a new position in shares of Bel Fuse in the 4th quarter worth approximately $5,714,000. Geode Capital Management LLC raised its holdings in shares of Bel Fuse by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 37,606 shares of the scientific and technical instruments company’s stock worth $5,709,000 after buying an additional 2,674 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Bel Fuse by 1.8% during the 4th quarter. State Street Corp now owns 21,706 shares of the scientific and technical instruments company’s stock worth $3,295,000 after buying an additional 378 shares during the period. Institutional investors and hedge funds own 6.01% of the company’s stock.

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.