Bel Fuse (NASDAQ:BELFA) Sees Large Volume Increase – Here’s What Happened

Bel Fuse Inc. (NASDAQ:BELFA) shares saw unusually-high trading volume on Thursday . Approximately 16,019 shares changed hands during mid-day trading, an increase of 81% from the previous session’s volume of 8,866 shares.The stock last traded at $89.81 and had previously closed at $88.61.

Bel Fuse Stock Down 0.6 %

The firm has a 50-day simple moving average of $92.83 and a 200 day simple moving average of $92.55. The stock has a market capitalization of $1.10 billion, a P/E ratio of 21.14 and a beta of 1.25. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71.

Institutional Investors Weigh In On Bel Fuse

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its position in shares of Bel Fuse by 4,248.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company’s stock valued at $6,720,000 after buying an additional 66,027 shares during the last quarter. Barclays PLC boosted 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 last quarter. Geode Capital Management LLC increased its position in 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 valued at $3,351,000 after purchasing an additional 2,778 shares during the period. State Street Corp raised its holdings in Bel Fuse by 12.9% during the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock worth $2,498,000 after purchasing an additional 2,876 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of Bel Fuse by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company’s stock worth $109,000 after purchasing an additional 619 shares during the period. 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.