Bel Fuse (NASDAQ:BELFA) Sees Strong Trading Volume – What’s Next?

Bel Fuse Inc. (NASDAQ:BELFA) shares saw strong trading volume on Monday . 11,442 shares were traded during trading, an increase of 1% from the previous session’s volume of 11,307 shares.The stock last traded at $68.41 and had previously closed at $66.05.

Analyst Ratings Changes

Separately, Craig Hallum set a $115.00 price target on Bel Fuse and gave the stock a “buy” rating in a research report on Tuesday, March 25th.

Bel Fuse Trading Up 2.0%

The business has a 50-day simple moving average of $65.47 and a two-hundred day simple moving average of $78.98. The stock has a market cap of $866.74 million, a price-to-earnings ratio of 22.14 and a beta of 1.05. 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 issued its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.29. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%. The company had revenue of $152.24 million during the quarter, compared to analysts’ expectations of $148.60 million.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 annualized dividend and a yield of 0.35%. Bel Fuse’s dividend payout ratio (DPR) is presently 7.36%.

Institutional Trading of Bel Fuse

Institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC boosted its stake in Bel Fuse by 199.9% in the 4th quarter. Citadel Advisors LLC now owns 16,419 shares of the scientific and technical instruments company’s stock valued at $1,479,000 after purchasing an additional 10,945 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Bel Fuse by 67.6% in the fourth quarter. JPMorgan Chase & Co. now owns 113,291 shares of the scientific and technical instruments company’s stock valued at $10,205,000 after buying an additional 45,710 shares during the period. American Century Companies Inc. boosted its stake in shares of Bel Fuse by 58.1% in the fourth quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company’s stock valued at $2,704,000 after buying an additional 11,031 shares during the period. Herald Investment Management Ltd bought a new stake in shares of Bel Fuse in the fourth quarter valued at approximately $360,000. Finally, Northern Trust Corp boosted its stake in shares of Bel Fuse by 1.9% in the fourth quarter. Northern Trust Corp now owns 17,610 shares of the scientific and technical instruments company’s stock valued at $1,586,000 after buying an additional 323 shares during the period. 6.01% of the stock is currently owned by institutional investors.

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.