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

Shares of Bel Fuse Inc. (NASDAQ:BELFA) saw strong trading volume on Monday . 18,542 shares traded hands during trading, an increase of 72% from the previous session’s volume of 10,797 shares.The stock last traded at $156.1490 and had previously closed at $152.90.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Bel Fuse in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $115.00.

Bel Fuse Trading Down 0.4%

The business’s 50-day moving average price is $135.76 and its 200-day moving average price is $116.02. The firm has a market capitalization of $1.99 billion, a PE ratio of 31.81 and a beta of 1.21. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.06 and a quick ratio of 1.75.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings results on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.59. The firm had revenue of $178.98 million during the quarter, compared to analysts’ expectations of $171.69 million. Bel Fuse had a net margin of 10.04% and a return on equity of 21.18%.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.2%. The ex-dividend date is Thursday, January 15th. Bel Fuse’s payout ratio is 4.87%.

Insider Activity at Bel Fuse

In other Bel Fuse news, VP Joseph Berry sold 408 shares of Bel Fuse stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $144.23, for a total value of $58,845.84. Following the transaction, the vice president directly owned 17,893 shares in the company, valued at approximately $2,580,707.39. This trade represents a 2.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Kenneth Koon Keung Lai sold 564 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $141.96, for a total value of $80,065.44. Following the sale, the vice president owned 7,755 shares of the company’s stock, valued at $1,100,899.80. This trade represents a 6.78% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 3,027 shares of company stock valued at $435,034. 5.46% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bel Fuse

A number of hedge funds and other institutional investors have recently bought and sold shares of BELFA. BNP Paribas Financial Markets lifted its position in shares of Bel Fuse by 92.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 153 shares during the period. FNY Investment Advisers LLC acquired a new stake in Bel Fuse in the second quarter valued at $51,000. Tower Research Capital LLC TRC increased its position in shares of Bel Fuse by 447.1% in 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 in the last quarter. Rhumbline Advisers boosted its position in shares of Bel Fuse by 41.5% in the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock worth $188,000 after buying an additional 767 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Bel Fuse by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock valued at $274,000 after purchasing an additional 150 shares in the last quarter. 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.