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

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) saw strong trading volume on Monday . 10,372 shares changed hands during trading, a decline of 16% from the previous session's volume of 12,387 shares.The stock last traded at $73.82 and had previously closed at $74.50.

Bel Fuse Price Performance

The firm has a market capitalization of $946.82 million, a P/E ratio of 24.44 and a beta of 1.11. 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 firm has a 50 day moving average price of $81.71 and a 200-day moving average price of $91.42.

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, topping analysts' consensus estimates of $1.01 by $0.44. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%. The company had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.32%. Bel Fuse's dividend payout ratio (DPR) is 7.77%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its holdings in Bel Fuse by 26.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock worth $97,000 after purchasing an additional 223 shares during the period. Barclays PLC grew its position in shares of Bel Fuse by 13.5% during the 4th quarter. Barclays PLC now owns 2,623 shares of the scientific and technical instruments company's stock worth $237,000 after buying an additional 312 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Bel Fuse by 1.9% in the fourth quarter. Northern Trust Corp now owns 17,610 shares of the scientific and technical instruments company's stock valued at $1,586,000 after acquiring an additional 323 shares in the last quarter. Bank of America Corp DE lifted its stake in Bel Fuse by 41.8% in the fourth quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company's stock worth $148,000 after acquiring an additional 486 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in Bel Fuse by 129.2% during the 3rd quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company's stock worth $109,000 after acquiring an additional 619 shares in the last quarter. Hedge funds and other institutional investors own 6.01% of the company's stock.

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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.