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

Bel Fuse logo with Computer and Technology background

Shares of Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 11,442 shares were traded during trading, an increase of 1% from the previous session's volume of 11,307 shares.The stock last traded at $68.41 and had previously closed at $66.05.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BELFA shares. Craig Hallum set a $115.00 price objective on Bel Fuse and gave the company a "buy" rating in a report on Tuesday, March 25th. Baird R W upgraded Bel Fuse to a "strong-buy" rating in a research note on Monday.

Get Our Latest Stock Report on BELFA

Bel Fuse Price Performance

The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 25.82 and a beta of 1.05. The business has a fifty day moving average of $66.19 and a two-hundred day moving average of $78.60.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The scientific and technical instruments company reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $0.99 by $0.29. The firm had revenue of $152.24 million for the quarter, compared to analyst estimates of $148.60 million. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Tuesday, July 15th. Bel Fuse's dividend payout ratio (DPR) is currently 7.36%.

Institutional Trading of Bel Fuse

Institutional investors and hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised its position in Bel Fuse by 26.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock valued at $97,000 after purchasing an additional 223 shares during the last quarter. Barclays PLC grew its stake in 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 valued at $237,000 after acquiring an additional 312 shares during the period. Northern Trust Corp grew its stake in Bel Fuse by 1.9% in the fourth quarter. Northern Trust Corp now owns 17,610 shares of the scientific and technical instruments company's stock valued at $1,586,000 after acquiring an additional 323 shares during the period. Bank of America Corp DE grew its stake in Bel Fuse by 41.8% in the fourth 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 period. Finally, Rhumbline Advisers lifted its holdings 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 valued at $188,000 after purchasing an additional 767 shares in the last quarter. 6.01% of the stock is currently owned by institutional investors.

About Bel Fuse

(Get Free Report)

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.

Further Reading

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