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

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 9,965 shares were traded during trading, an increase of 18% from the previous session's volume of 8,465 shares.The stock last traded at $84.22 and had previously closed at $84.64.

Bel Fuse Trading Down 3.1 %

The business's fifty day simple moving average is $86.25 and its two-hundred day simple moving average is $92.37. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $1.02 billion, a P/E ratio of 26.38 and a beta of 1.23.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million.

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.24 annualized dividend and a yield of 0.29%. Bel Fuse's dividend payout ratio is 7.77%.

Hedge Funds Weigh In On Bel Fuse

Several institutional investors have recently bought and sold shares of BELFA. JPMorgan Chase & Co. lifted its position in shares of Bel Fuse by 4,248.8% during the third quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company's stock worth $6,720,000 after purchasing an additional 66,027 shares in the last quarter. American Century Companies Inc. boosted its position in Bel Fuse by 58.1% in the 4th quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company's stock valued at $2,704,000 after buying an additional 11,031 shares during the last quarter. Citadel Advisors LLC increased its stake in shares of 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 during the period. Herald Investment Management Ltd bought a new stake in shares of Bel Fuse during the fourth quarter worth $360,000. Finally, Marshall Wace LLP acquired a new position in shares of Bel Fuse during the fourth quarter valued at $337,000. Institutional investors own 6.01% of the company's stock.

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.