Bel Fuse (NASDAQ:BELFA) Sees Strong Trading Volume - Time to Buy?

Key Points

• Bel Fuse shares saw unusually heavy trading volume, with 268,810 shares changing hands—142% above the prior session—while the stock fell 1.4% to $230.805.
• The company exceeded quarterly expectations, reporting adjusted EPS of $2.76 versus the $2.34 consensus estimate and revenue of $210.69 million versus expectations of $206.39 million.
• Analyst sentiment remains cautiously positive: Citigroup initiated a “buy” rating while Weiss Ratings lowered its rating within the “hold” category. The consensus is “Moderate Buy,” with a $250 price target, compared with a $2.93 billion market capitalization and a high valuation of 59.11 times earnings.

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) saw strong trading volume on Monday . 268,810 shares traded hands during trading, an increase of 142% from the previous session's volume of 111,123 shares.The stock last traded at $230.8050 and had previously closed at $233.55.

Analysts Set New Price Targets

BELFA has been the subject of a number of research reports. Weiss Ratings cut shares of Bel Fuse from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday, July 29th. Citigroup initiated coverage on shares of Bel Fuse in a research report on Monday, July 13th. They issued a "buy" rating on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.00.

Bel Fuse Trading Down 1.4%

The firm has a fifty day moving average of $241.86 and a two-hundred day moving average of $223.54. The company has a market capitalization of $2.93 billion, a PE ratio of 59.11 and a beta of 1.40.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 EPS for the quarter, topping analysts' consensus estimates of $2.34 by $0.42. The business had revenue of $210.69 million for the quarter, compared to analysts' expectations of $206.39 million. Bel Fuse had a return on equity of 20.55% and a net margin of 7.21%.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th. Bel Fuse's payout ratio is presently 6.14%.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of Bel Fuse by 92.2% during the third quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company's stock worth $37,000 after purchasing an additional 153 shares during the period. PNC Financial Services Group Inc. raised its position in Bel Fuse by 6,000.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company's stock valued at $55,000 after purchasing an additional 300 shares during the last quarter. Sunbelt Securities Inc. bought a new position in Bel Fuse during the 4th quarter valued at approximately $61,000. Tower Research Capital LLC TRC lifted its holdings in Bel Fuse by 447.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company's stock worth $67,000 after buying an additional 608 shares during the period. Finally, Deutsche Bank AG purchased a new stake in Bel Fuse in the 4th quarter worth approximately $111,000. Hedge funds and other institutional investors 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.

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