Bel Fuse (NASDAQ:BELFA) Sees Large Volume Increase – Still a Buy?

Shares of Bel Fuse Inc. (NASDAQ:BELFA) saw unusually-strong trading volume on Monday . Approximately 10,372 shares traded hands during mid-day trading, a decline of 16% from the previous session’s volume of 12,387 shares.The stock last traded at $73.82 and had previously closed at $74.50.

Bel Fuse Trading Up 1.7 %

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 company has a 50-day simple moving average of $82.07 and a 200 day simple moving average of $91.55. The company has a market capitalization of $929.89 million, a P/E ratio of 24.00 and a beta of 1.11.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.01 by $0.44. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%. The company had revenue of $149.86 million for the quarter, compared to the consensus estimate of $126.41 million.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s payout ratio is presently 7.77%.

Institutional Trading of Bel Fuse

Several institutional investors have recently modified their holdings of the company. Citadel Advisors LLC boosted its stake in Bel Fuse by 199.9% in the 4th 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. Bank of America Corp DE boosted its stake in Bel Fuse by 41.8% in the 4th 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 buying an additional 486 shares in the last quarter. Northern Trust Corp boosted its stake in Bel Fuse by 1.9% in the 4th quarter. Northern Trust Corp now owns 17,610 shares of the scientific and technical instruments company’s stock valued at $1,586,000 after buying an additional 323 shares in the last quarter. Herald Investment Management Ltd acquired a new stake in Bel Fuse in the 4th quarter valued at $360,000. Finally, Marshall Wace LLP acquired a new stake in Bel Fuse in the 4th quarter valued at $337,000. 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.