Bel Fuse (NASDAQ:BELFA) Sees Large Volume Increase – Time to Buy?

Shares of Bel Fuse Inc. (NASDAQ:BELFA) saw an uptick in trading volume on Tuesday . Approximately 308,236 shares changed hands during mid-day trading, an increase of 253% from the previous session’s volume of 87,368 shares.The stock last traded at $257.95 and had previously closed at $270.52.

Analysts Set New Price Targets

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

Bel Fuse Trading Down 4.4%

The stock’s fifty day simple moving average is $245.31 and its two-hundred day simple moving average is $204.66. The firm has a market cap of $3.29 billion, a PE ratio of 62.31 and a beta of 1.38. The company has a quick ratio of 1.73, a current ratio of 3.18 and a debt-to-equity ratio of 0.47.

Bel Fuse (NASDAQ:BELFA) last released its earnings results 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. 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 during the quarter, compared to analyst estimates of $172.07 million.

Bel Fuse Dividend Announcement

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

Hedge Funds Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently modified their holdings of BELFA. BNP Paribas Financial Markets boosted its stake in Bel Fuse by 92.2% in the 3rd 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 in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Bel Fuse by 6,000.0% in 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 in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Bel Fuse during the fourth quarter valued at approximately $61,000. Tower Research Capital LLC TRC grew its holdings in shares of 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 valued at $67,000 after buying an additional 608 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Bel Fuse during the fourth quarter valued at approximately $111,000. 6.01% of the stock is currently 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.