Short Interest in Bel Fuse Inc. (NASDAQ:BELFB) Rises By 21.8%

Bel Fuse Inc. (NASDAQ:BELFB) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 469,200 shares, an increase of 21.8% from the June 30th total of 385,200 shares. Based on an average daily trading volume, of 84,700 shares, the days-to-cover ratio is presently 5.5 days.

Bel Fuse Trading Up 2.9 %

Bel Fuse stock traded up $2.11 during mid-day trading on Friday, hitting $75.05. The stock had a trading volume of 121,638 shares, compared to its average volume of 89,795. The stock has a 50-day simple moving average of $66.87 and a two-hundred day simple moving average of $63.32. The stock has a market capitalization of $947.13 million, a PE ratio of 12.63 and a beta of 1.41. Bel Fuse has a 12 month low of $39.13 and a 12 month high of $75.63. The company has a current ratio of 4.19, a quick ratio of 2.70 and a debt-to-equity ratio of 0.17.

Bel Fuse (NASDAQ:BELFB) last posted its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.58. The business had revenue of $133.21 million for the quarter, compared to analysts’ expectations of $130.27 million. Bel Fuse had a return on equity of 20.97% and a net margin of 11.81%. During the same quarter last year, the business earned $1.95 earnings per share. As a group, sell-side analysts forecast that Bel Fuse will post 4.39 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BELFB. Needham & Company LLC raised their target price on Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Northland Securities cut Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 price target on the stock. in a report on Thursday, May 2nd.

Hedge Funds Weigh In On Bel Fuse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Bel Fuse by 4.8% during the third quarter. Vanguard Group Inc. now owns 676,723 shares of the electronics maker’s stock worth $32,293,000 after buying an additional 30,752 shares during the last quarter. LSV Asset Management boosted its holdings in Bel Fuse by 15.8% during the fourth quarter. LSV Asset Management now owns 249,900 shares of the electronics maker’s stock worth $16,686,000 after buying an additional 34,100 shares during the last quarter. GW&K Investment Management LLC bought a new position in Bel Fuse during the fourth quarter worth about $12,537,000. Charles Schwab Investment Management Inc. boosted its holdings in Bel Fuse by 26.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker’s stock worth $6,658,000 after buying an additional 21,047 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd bought a new position in Bel Fuse during the fourth quarter worth about $6,572,000. Institutional investors own 58.39% of the company’s stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.