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

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) shares saw an uptick in trading volume on Tuesday . 15,504 shares changed hands during trading, an increase of 36% from the previous session's volume of 11,385 shares.The stock last traded at $63.72 and had previously closed at $63.51.

Analyst Upgrades and Downgrades

Separately, Craig Hallum set a $115.00 price target on shares of Bel Fuse and gave the company a "buy" rating in a report on Tuesday, March 25th.

Bel Fuse Stock Performance

The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The firm has a market cap of $834.88 million, a P/E ratio of 21.33 and a beta of 1.17. The stock's 50 day moving average is $65.70 and its two-hundred day moving average is $79.53.

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

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date is Tuesday, July 15th. Bel Fuse's dividend payout ratio (DPR) is 7.36%.

Institutional Investors Weigh In On Bel Fuse

Large investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in 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 valued at $97,000 after purchasing an additional 223 shares during the last quarter. Bank of America Corp DE increased its holdings 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 buying an additional 486 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Bel Fuse by 41.5% during the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company's stock worth $188,000 after buying an additional 767 shares in the last quarter. Barclays PLC raised 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 valued at $237,000 after acquiring an additional 312 shares during the last quarter. Finally, Makaira Partners LLC acquired a new position in shares of Bel Fuse in the 1st quarter worth approximately $288,000. Institutional investors 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.