Bel Fuse (NASDAQ:BELFA) Sees Large Volume Increase - Here's Why

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 changed 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 Ratings Changes

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

Bel Fuse Stock Down 1.6%

The firm has a 50-day moving average of $87.53 and a two-hundred day moving average of $78.60. The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $1.47 billion, a PE ratio of 30.14 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last announced 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 net margin of 8.59% and a return on equity of 18.33%. The business had revenue of $168.30 million during the quarter, compared to analysts' expectations of $149.60 million.

Bel Fuse Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BELFA. FNY Investment Advisers LLC purchased a new stake in shares of Bel Fuse during the 2nd quarter worth $51,000. Wells Fargo & Company MN boosted its position 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 worth $97,000 after acquiring an additional 223 shares in the last quarter. Bank of America Corp DE increased its holdings 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 valued at $148,000 after acquiring an additional 486 shares during the last quarter. Rhumbline Advisers increased its holdings 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 valued at $188,000 after acquiring an additional 767 shares during the last quarter. Finally, Barclays PLC raised its position in shares of 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 worth $237,000 after acquiring an additional 312 shares in the last quarter. 6.01% of the stock is owned by institutional investors and hedge funds.

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.

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