Bel Fuse (NASDAQ:BELFA) Sees Unusually-High Trading Volume – Time to Buy?

Bel Fuse Inc. (NASDAQ:BELFA) saw unusually-strong trading volume on Thursday . Approximately 238,414 shares changed hands during mid-day trading, an increase of 208% from the previous session’s volume of 77,509 shares.The stock last traded at $262.4660 and had previously closed at $245.48.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Robert W. Baird set a $250.00 target price on Bel Fuse in a research report on Thursday, February 19th. Weiss Ratings upgraded Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $250.00.

Bel Fuse Stock Up 7.2%

The stock has a market cap of $3.35 billion, a PE ratio of 63.01 and a beta of 1.38. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $234.37 and a 200-day moving average price of $197.00.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.62 by $0.10. The company had revenue of $178.49 million for the quarter, compared to analyst estimates of $172.07 million. Bel Fuse had a return on equity of 22.38% and a net margin of 7.84%.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is presently 5.78%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BELFA. Hound Partners LLC purchased a new position in Bel Fuse in the 4th quarter valued at $5,714,000. Renaissance Technologies LLC lifted its holdings in Bel Fuse by 62.3% in the 1st quarter. Renaissance Technologies LLC now owns 68,253 shares of the scientific and technical instruments company’s stock valued at $12,299,000 after purchasing an additional 26,200 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Bel Fuse in the 3rd quarter valued at $1,628,000. Citadel Advisors LLC lifted its holdings in Bel Fuse by 434.9% in the 3rd quarter. Citadel Advisors LLC now owns 13,336 shares of the scientific and technical instruments company’s stock valued at $1,552,000 after purchasing an additional 10,843 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Bel Fuse by 314.2% in the 4th quarter. Millennium Management LLC now owns 12,729 shares of the scientific and technical instruments company’s stock valued at $1,932,000 after purchasing an additional 9,656 shares in the last quarter. 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.