Bel Fuse (NASDAQ:BELFA) Sees Large Volume Increase – Should You Buy?

Bel Fuse Inc. (NASDAQ:BELFA) saw unusually-high trading volume on Tuesday . Approximately 8,836 shares were traded during mid-day 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 has a market cap of $1.08 billion, a PE ratio of 20.80 and a beta of 1.25. The business has a 50 day simple moving average of $95.68 and a two-hundred day simple moving average of $92.09. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.06 dividend. 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 5.81%.

Institutional Trading of Bel Fuse

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in Bel Fuse by 4,248.8% in 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 buying an additional 66,027 shares in the last quarter. Barclays PLC raised its position in shares of Bel Fuse by 278.9% in the 3rd quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock worth $230,000 after acquiring an additional 1,701 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Bel Fuse by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 33,694 shares of the scientific and technical instruments company’s stock worth $3,351,000 after purchasing an additional 2,778 shares during the last quarter. State Street Corp boosted 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 valued at $2,498,000 after purchasing an additional 2,876 shares in the last quarter. Finally, MetLife Investment Management LLC grew 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 during the last quarter. 6.01% of the stock is currently owned by institutional investors.

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.