Bel Fuse (NASDAQ:BELFA) Sees Large Volume Increase - Still a Buy?

Key Points

• Bel Fuse Inc. experienced a significant trading volume increase of 71%, with 11,626 shares traded compared to 6,796 the previous session, despite the stock being down 1.6%.
• The company's recent earnings report showed earnings per share of $1.58, surpassing analysts' estimates by $0.43, and revenue of $168.30 million, exceeding expectations of $149.60 million.
• Bel Fuse announced a quarterly dividend of $0.06 per share, with an ex-dividend date set for October 15th, representing an annualized yield of 0.2%.

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) shares saw strong trading volume on Wednesday . 11,626 shares traded hands during trading, an increase of 71% from the previous session's volume of 6,796 shares.The stock last traded at $117.25 and had previously closed at $116.06.

Analyst Upgrades and Downgrades

Separately, Baird R W raised Bel Fuse to a "strong-buy" rating in a research report on Monday, June 9th.

Bel Fuse Stock Down 1.0%

The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72. The company has a fifty day moving average price of $90.62 and a 200 day moving average price of $79.12. The company has a market cap of $1.47 billion, a PE ratio of 30.02 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The scientific and technical instruments company reported $1.58 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.43. Bel Fuse had a return on equity of 18.33% and a net margin of 8.59%. The business had revenue of $168.30 million for the quarter, compared to the consensus estimate of $149.60 million.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Wednesday, October 15th. Bel Fuse's dividend payout ratio is currently 6.22%.

Institutional Investors Weigh In On Bel Fuse

A number of large investors have recently made changes to their positions in BELFA. FNY Investment Advisers LLC bought a new stake in shares of Bel Fuse during the second quarter valued at approximately $51,000. Wells Fargo & Company MN boosted its holdings in shares of Bel Fuse by 26.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock valued at $97,000 after buying an additional 223 shares in the last quarter. Bank of America Corp DE grew its position in shares of Bel Fuse by 41.8% in the 4th quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company's stock worth $148,000 after buying an additional 486 shares during the period. Rhumbline Advisers increased its stake 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 acquiring an additional 767 shares in the last quarter. Finally, Barclays PLC lifted its position in Bel Fuse by 13.5% during the 4th quarter. Barclays PLC now owns 2,623 shares of the scientific and technical instruments company's stock valued at $237,000 after acquiring an additional 312 shares during the period. 6.01% of the stock is currently owned by institutional investors.

About Bel Fuse

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.