Bel Fuse Inc. (NASDAQ:BELFA) Short Interest Update

Bel Fuse Inc. (NASDAQ:BELFA) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 42,500 shares, a decrease of 20.6% from the February 13th total of 53,500 shares. Based on an average trading volume of 9,300 shares, the days-to-cover ratio is presently 4.6 days. Currently, 2.7% of the company’s stock are sold short.

Bel Fuse Stock Down 1.6 %

BELFA opened at $73.29 on Wednesday. The company has a market capitalization of $918.98 million, a PE ratio of 23.72 and a beta of 1.11. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. Bel Fuse has a fifty-two week low of $66.00 and a fifty-two week high of $106.93. The business has a 50-day moving average of $82.72 and a 200-day moving average of $91.80.

Bel Fuse (NASDAQ:BELFA) last posted its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.44. The firm had revenue of $149.86 million during the quarter, compared to analysts’ expectations of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.33%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s payout ratio is 7.77%.

Institutional Trading of Bel Fuse

A number of institutional investors and hedge funds have recently made changes to their positions in BELFA. Wells Fargo & Company MN increased its holdings in shares of Bel Fuse by 26.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company’s stock valued at $97,000 after acquiring an additional 223 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Bel Fuse by 129.2% during 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 during the last quarter. Bank of America Corp DE raised its position in shares of Bel Fuse by 41.8% in the fourth quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company’s stock valued at $148,000 after purchasing an additional 486 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Bel Fuse by 632.5% in the third quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock worth $206,000 after buying an additional 1,790 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of 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 buying an additional 1,701 shares during the last quarter. 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.