Bel Fuse (NASDAQ:BELFA) Sees Unusually-High Trading Volume – Time to Buy?

Bel Fuse Inc. (NASDAQ:BELFA) shares saw strong trading volume on Thursday . 238,414 shares were traded during mid-day trading, an increase of 208% from the previous session’s volume of 77,509 shares.The stock last traded at $262.4660 and had previously closed at $245.48.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Robert W. Baird set a $250.00 target price on Bel Fuse in a research note on Thursday, February 19th. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $250.00.

Bel Fuse Stock Up 7.2%

The firm has a 50 day moving average price of $234.37 and a 200-day moving average price of $197.00. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.35 billion, a PE ratio of 63.01 and a beta of 1.38.

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

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be paid a $0.06 dividend. 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 dividend payout ratio (DPR) is presently 5.78%.

Hedge Funds Weigh In On Bel Fuse

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers lifted its stake in Bel Fuse by 41.5% during the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock worth $188,000 after purchasing an additional 767 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Bel Fuse by 447.1% during 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 last quarter. JPMorgan Chase & Co. lifted its stake in Bel Fuse by 6.8% during the third quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock worth $274,000 after purchasing an additional 150 shares during the last quarter. Vanguard Group Inc. lifted its stake in Bel Fuse by 13.9% during the third quarter. Vanguard Group Inc. now owns 52,614 shares of the scientific and technical instruments company’s stock worth $6,122,000 after purchasing an additional 6,408 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted 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 purchasing an additional 153 shares during 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.