Bel Fuse (NASDAQ:BELFB) Sees Unusually-High Trading Volume – Here’s What Happened

Bel Fuse Inc. (NASDAQ:BELFB) shares saw unusually-high trading volume on Monday . Approximately 176,716 shares traded hands during mid-day trading, a decline of 1% from the previous session’s volume of 177,703 shares.The stock last traded at $204.00 and had previously closed at $204.65.

Analyst Ratings Changes

A number of brokerages recently issued reports on BELFB. Northland Securities set a $266.00 target price on Bel Fuse in a research note on Thursday, February 19th. Needham & Company LLC increased their price objective on Bel Fuse from $212.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Weiss Ratings cut Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research note on Wednesday, February 25th. Wall Street Zen downgraded Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Finally, Zacks Research downgraded shares of Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $216.50.

Bel Fuse Stock Performance

The firm’s fifty day simple moving average is $214.75 and its 200 day simple moving average is $181.03. The company has a market capitalization of $2.66 billion, a PE ratio of 42.84, a price-to-earnings-growth ratio of 2.08 and a beta of 1.56. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.02 and a quick ratio of 1.71.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio is presently 5.70%.

Insider Activity

In related news, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total transaction of $7,948,278.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Peter E. Gilbert sold 4,500 shares of Bel Fuse stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total value of $1,074,375.00. Following the transaction, the director owned 15,047 shares of the company’s stock, valued at approximately $3,592,471.25. This represents a 23.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bel Fuse

Several large investors have recently made changes to their positions in BELFB. Farther Finance Advisors LLC boosted its holdings in Bel Fuse by 365.6% during the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after buying an additional 117 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Bel Fuse in the fourth quarter valued at $33,000. Jones Financial Companies Lllp raised its position in shares of Bel Fuse by 139.8% in the third quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 151 shares during the period. Federated Hermes Inc. boosted its stake in shares of Bel Fuse by 52.5% during the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock worth $47,000 after acquiring an additional 115 shares in the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Bel Fuse during the 3rd quarter worth about $78,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Company Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.