Bel Fuse (NASDAQ:BELFA) Sees Large Volume Increase – Time to Buy?

Bel Fuse Inc. (NASDAQ:BELFA) shares saw unusually-strong trading volume on Tuesday . 308,236 shares traded hands during mid-day trading, an increase of 253% from the previous session’s volume of 87,368 shares.The stock last traded at $257.95 and had previously closed at $270.52.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $250.00.

Bel Fuse Price Performance

The firm has a 50 day moving average price of $245.31 and a two-hundred day moving average price of $204.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18. The company has a market cap of $3.29 billion, a P/E ratio of 62.31 and a beta of 1.38.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.62 by $0.10. Bel Fuse had a net margin of 7.84% and a return on equity of 22.38%. The company had revenue of $178.49 million during the quarter, compared to the consensus estimate of $172.07 million.

Bel Fuse Dividend Announcement

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

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors have recently added to or reduced their stakes in BELFA. Renaissance Technologies LLC raised its position in shares of Bel Fuse by 62.3% during 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 buying an additional 26,200 shares in the last quarter. Sei Investments Co. grew its stake in shares of Bel Fuse by 110.2% in the first quarter. Sei Investments Co. now owns 9,681 shares of the scientific and technical instruments company’s stock worth $1,745,000 after purchasing an additional 5,076 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Bel Fuse by 6,000.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock worth $55,000 after buying an additional 300 shares during the last quarter. Abel Hall LLC bought a new stake in Bel Fuse in the first quarter valued at $205,000. Finally, Strs Ohio bought a new position in Bel Fuse in the first quarter worth about $396,000. 6.01% of the stock is currently owned by institutional investors.

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.