Bel Fuse (NASDAQ:BELFA) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Bel Fuse Inc. (NASDAQ:BELFA) saw unusually-strong trading volume on Wednesday . 184,455 shares were traded during mid-day 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 Ratings Changes

Separately, Weiss Ratings upgraded Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $250.00.

Bel Fuse Trading Down 4.3%

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 company’s fifty day moving average is $250.63 and its 200-day moving average is $209.82. The firm has a market capitalization of $3.54 billion, a P/E ratio of 67.33 and a beta of 1.38.

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

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors 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 of this dividend is Wednesday, July 15th. Bel Fuse’s payout ratio is currently 5.78%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its holdings in shares of Bel Fuse by 6,000.0% during the first quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock worth $55,000 after buying an additional 300 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Bel Fuse by 92.2% in 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 during the last quarter. Sunbelt Securities Inc. bought a new position in Bel Fuse during the fourth quarter worth $61,000. Deutsche Bank AG acquired a new position in Bel Fuse during the 4th quarter valued at $111,000. Finally, Tower Research Capital LLC TRC raised its stake in Bel Fuse by 447.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock valued at $67,000 after purchasing an additional 608 shares during the last quarter. 6.01% of the stock is owned by 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.