Bel Fuse (NASDAQ:BELFA) Sees Unusually-High Trading Volume – Here’s Why

Bel Fuse Inc. (NASDAQ:BELFA) shares saw an uptick in trading volume on Tuesday . 8,836 shares changed hands during 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 Trading Up 0.2 %

The stock’s fifty day simple moving average is $95.68 and its 200-day simple moving average is $92.09. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The firm has a market cap of $1.08 billion, a PE ratio of 20.80 and a beta of 1.25.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a $0.06 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.28%. Bel Fuse’s dividend payout ratio (DPR) is 5.81%.

Institutional Investors Weigh In On Bel Fuse

A number of institutional investors and hedge funds have recently modified their holdings of the company. MetLife Investment Management LLC raised its stake in shares of 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 valued at $109,000 after buying an additional 619 shares during the last quarter. Rhumbline Advisers grew its holdings in Bel Fuse by 2,346.3% during the second quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock worth $158,000 after acquiring an additional 1,877 shares during the period. BNP Paribas Financial Markets raised its position in Bel Fuse by 632.5% during the third 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 in the last quarter. Barclays PLC lifted its holdings 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 valued at $230,000 after acquiring an additional 1,701 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Bel Fuse in the 2nd quarter worth approximately $444,000. Institutional investors and hedge funds 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.