Bel Fuse (NASDAQ:BELFA) Sees Unusually-High Trading Volume - Here's Why

Key Points

• Bel Fuse Inc. saw a 1% increase in trading volume, with shares trading at $115.17, showing a slight decline from the previous close of $115.88.
• Analysts from Baird R W have upgraded Bel Fuse to a "strong-buy" rating, reflecting positive sentiment in the market.
• The company reported impressive quarterly earnings, with a EPS of $1.58 exceeding expectations, and revenue of $168.30 million versus a consensus estimate of $149.60 million.

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) shares saw an uptick in trading volume on Tuesday . 7,407 shares were traded during mid-day trading, an increase of 1% from the previous session's volume of 7,362 shares.The stock last traded at $115.17 and had previously closed at $115.88.

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 2.6%

The firm has a fifty day moving average price of $94.59 and a 200-day moving average price of $80.00. 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 firm has a market cap of $1.44 billion, a price-to-earnings ratio of 29.45 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The scientific and technical instruments company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $149.60 million.

Bel Fuse Announces Dividend

The company also recently announced 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 yield of 0.2%. Bel Fuse's dividend payout ratio (DPR) is presently 6.22%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BELFA. FNY Investment Advisers LLC acquired a new position in shares of Bel Fuse during the second quarter worth about $51,000. Wells Fargo & Company MN lifted its stake in shares of Bel Fuse by 26.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock worth $97,000 after purchasing an additional 223 shares in the last quarter. Bank of America Corp DE increased its position in shares of Bel Fuse by 41.8% during the fourth quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company's stock worth $148,000 after acquiring an additional 486 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Bel Fuse by 41.5% in the first 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 stake in shares of Bel Fuse by 13.5% in the fourth 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. Institutional investors and hedge funds own 6.01% of the company's stock.

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.