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

Key Points

• Bel Fuse shares experienced a significant volume increase, with approximately 7,943 shares traded, marking a 5% rise compared to the previous session.
• Analysts from Baird R W have upgraded Bel Fuse to a strong-buy rating, suggesting positive market sentiment towards the stock。
• The company reported a quarterly EPS of $1.58, exceeding analysts' expectations by $0.43, along with revenue of $168.30 million against a consensus of $149.60 million.

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) shares saw an uptick in trading volume on Monday . 7,943 shares changed hands during mid-day trading, an increase of 5% from the previous session's volume of 7,541 shares.The stock last traded at $108.25 and had previously closed at $109.87.

Wall Street Analysts Forecast Growth

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

Bel Fuse Stock Down 2.6%

The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.62. The firm's 50-day moving average price is $84.51 and its 200 day moving average price is $78.07. The firm has a market cap of $1.41 billion, a P/E ratio of 28.91 and a beta of 1.15.

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

Bel Fuse Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in Bel Fuse by 67.6% during the fourth quarter. JPMorgan Chase & Co. now owns 113,291 shares of the scientific and technical instruments company's stock worth $10,205,000 after purchasing an additional 45,710 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in shares of Bel Fuse in the 2nd quarter worth $2,341,000. American Century Companies Inc. lifted its holdings in shares of Bel Fuse by 58.1% in the fourth quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company's stock valued at $2,704,000 after buying an additional 11,031 shares during the period. Citadel Advisors LLC boosted its stake in Bel Fuse by 199.9% during the fourth quarter. Citadel Advisors LLC now owns 16,419 shares of the scientific and technical instruments company's stock valued at $1,479,000 after buying an additional 10,945 shares in the last quarter. Finally, Cynosure Group LLC acquired a new position in Bel Fuse during the first quarter worth about $310,000. Institutional investors and hedge funds own 6.01% of the company's stock.

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.