Bel Fuse (NASDAQ:BELFA) Sees Large Volume Increase – Here’s What Happened

Bel Fuse Inc. (NASDAQ:BELFA) saw strong trading volume on Tuesday . 8,836 shares changed hands during trading, an increase of 23% from the previous session’s volume of 7,169 shares.The stock last traded at $89.18 and had previously closed at $89.50.

Bel Fuse Stock Performance

The firm’s 50 day moving average is $96.33 and its 200-day moving average is $92.10. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 21.07 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 5.81%.

Hedge Funds Weigh In On Bel Fuse

A number of large investors have recently added to or reduced their stakes in BELFA. Bank of New York Mellon Corp purchased a new stake in shares of Bel Fuse during the second quarter worth about $444,000. Rhumbline Advisers increased its position in shares of Bel Fuse by 2,346.3% during the second quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock worth $158,000 after purchasing an additional 1,877 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Bel Fuse by 632.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock valued at $206,000 after purchasing an additional 1,790 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in Bel Fuse by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company’s stock valued at $109,000 after purchasing an additional 619 shares in the last quarter. Finally, State Street Corp boosted its stake in Bel Fuse by 12.9% during the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock worth $2,498,000 after purchasing an additional 2,876 shares during the last quarter. 6.01% of the stock is currently owned by institutional investors and hedge funds.

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.