Bel Fuse (NASDAQ:BELFA) Sees Unusually-High Trading Volume – Still a Buy?

Bel Fuse Inc. (NASDAQ:BELFA) saw unusually-high trading volume on Tuesday . Approximately 12,144 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 12,065 shares.The stock last traded at $90.99 and had previously closed at $92.26.

Bel Fuse Trading Down 1.4 %

The stock has a market cap of $1.14 billion, a P/E ratio of 22.03 and a beta of 1.25. The stock’s 50-day moving average is $97.68 and its two-hundred day moving average is $91.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Wednesday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 5.81%.

Institutional Investors Weigh In On Bel Fuse

Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp bought a new position in Bel Fuse during the second quarter valued at approximately $444,000. Rhumbline Advisers boosted its position 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 valued at $158,000 after acquiring an additional 1,877 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Bel Fuse by 632.5% during 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 acquiring an additional 1,790 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of 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, Barclays PLC increased its position in Bel Fuse by 278.9% in the third quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock worth $230,000 after purchasing an additional 1,701 shares during the last quarter. 6.01% of the stock is owned by institutional investors.

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.