Bel Fuse (NASDAQ:BELFA) Sees Large Volume Increase – What’s Next?

Bel Fuse Inc. (NASDAQ:BELFA) shares saw an uptick in trading volume on Wednesday . Approximately 184,455 shares changed hands 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.

Analysts Set New Price Targets

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

Bel Fuse Price Performance

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 50 day moving average is $251.48 and its 200-day moving average is $211.26. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 55.46 and a beta of 1.37.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $172.07 million.

Bel Fuse Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in Bel Fuse by 62.3% during the 1st quarter. Renaissance Technologies LLC now owns 68,253 shares of the scientific and technical instruments company’s stock worth $12,299,000 after acquiring an additional 26,200 shares during the period. Vanguard Group Inc. grew its holdings in shares of 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. Hound Partners LLC bought a new stake in Bel Fuse during the 4th quarter worth approximately $5,714,000. Geode Capital Management LLC grew its stake in shares of Bel Fuse by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 37,606 shares of the scientific and technical instruments company’s stock worth $5,709,000 after purchasing an additional 2,674 shares during the last quarter. Finally, State Street Corp grew its position in shares of Bel Fuse by 1.8% in the 4th quarter. State Street Corp now owns 21,706 shares of the scientific and technical instruments company’s stock valued at $3,295,000 after buying an additional 378 shares during 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.