Bel Fuse (NASDAQ:BELFA) Sees Unusually-High Trading Volume

Bel Fuse Inc. (NASDAQ:BELFA) saw unusually-high trading volume on Tuesday . Approximately 19,723 shares changed hands during trading, an increase of 66% from the previous session’s volume of 11,904 shares.The stock last traded at $84.65 and had previously closed at $83.70.

Bel Fuse Stock Performance

The firm has a market capitalization of $1.08 billion, a PE ratio of 14.87 and a beta of 1.36. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.21 and a quick ratio of 2.70. The company’s fifty day simple moving average is $80.77 and its 200 day simple moving average is $72.88.

Bel Fuse (NASDAQ:BELFA) last posted its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.19 earnings per share for the quarter. Bel Fuse had a net margin of 12.62% and a return on equity of 24.29%. The business had revenue of $128.09 million for the quarter.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.28%. The ex-dividend date is Monday, July 15th. Bel Fuse’s dividend payout ratio is 4.26%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bel Fuse stock. Brown Advisory Inc. acquired a new stake in Bel Fuse Inc. (NASDAQ:BELFA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 37,774 shares of the scientific and technical instruments company’s stock, valued at approximately $2,442,000. Brown Advisory Inc. owned approximately 0.30% of Bel Fuse as of its most recent filing with the SEC. Institutional investors and hedge funds own 6.01% of the company’s stock.

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.