Bel Fuse (NASDAQ:BELFA) Sees Strong Trading Volume – Still a Buy?

Shares of Bel Fuse Inc. (NASDAQ:BELFA) saw an uptick in trading volume on Tuesday . 3,721 shares were traded during mid-day trading, a decline of 54% from the previous session’s volume of 8,156 shares.The stock last traded at $83.50 and had previously closed at $83.50.

Bel Fuse Price Performance

The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 20.59 and a beta of 1.25. The company’s 50 day moving average is $94.21 and its 200 day moving average is $92.29. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16.

Bel Fuse Announces Dividend

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

Institutional Investors Weigh In On Bel Fuse

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp bought a new position in Bel Fuse during the 2nd quarter worth $444,000. Rhumbline Advisers grew its holdings in shares of Bel Fuse by 2,346.3% during the 2nd 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 increased its position in shares of Bel Fuse by 632.5% in the third quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock worth $206,000 after purchasing an additional 1,790 shares during the period. MetLife Investment Management LLC raised its stake in Bel Fuse by 129.2% in the third 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 lifted its position in Bel Fuse by 12.9% during the third 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 period. 6.01% of the stock is currently owned by institutional investors and hedge funds.

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.