Bel Fuse Inc. (NASDAQ:BELFA) Sees Large Decrease in Short Interest

Bel Fuse Inc. (NASDAQ:BELFA) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 157,400 shares, a drop of 8.4% from the September 15th total of 171,900 shares. Currently, 10.0% of the company’s shares are sold short. Based on an average trading volume of 14,500 shares, the days-to-cover ratio is currently 10.9 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BELFA. Rhumbline Advisers grew its position in Bel Fuse by 2,346.3% in the 2nd quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock worth $158,000 after purchasing an additional 1,877 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Bel Fuse in the 2nd quarter worth $444,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Bel Fuse by 8.8% in the first quarter. Janney Montgomery Scott LLC now owns 13,123 shares of the scientific and technical instruments company’s stock worth $929,000 after acquiring an additional 1,063 shares during the period. 6.01% of the stock is owned by institutional investors.

Bel Fuse Stock Up 2.1 %

BELFA traded up $2.13 during trading on Wednesday, reaching $105.00. The stock had a trading volume of 11,911 shares, compared to its average volume of 12,445. Bel Fuse has a one year low of $38.82 and a one year high of $105.60. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 18.65 and a beta of 1.28. The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17. The stock’s 50 day moving average is $92.05 and its two-hundred day moving average is $82.99.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings data on Wednesday, July 24th. The scientific and technical instruments company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.59. Bel Fuse had a return on equity of 21.62% and a net margin of 11.81%. The business had revenue of $133.21 million during the quarter.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.24 annualized dividend and a yield of 0.23%. Bel Fuse’s dividend payout ratio is 4.26%.

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.