Bel Fuse Inc. (NASDAQ:BELFB) Sees Large Increase in Short Interest

Bel Fuse Inc. (NASDAQ:BELFB) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 324,200 shares, an increase of 5.6% from the December 31st total of 307,000 shares. Based on an average trading volume of 68,500 shares, the short-interest ratio is currently 4.7 days. Approximately 3.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BELFB. Needham & Company LLC upped their price objective on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Oppenheimer assumed coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price objective for the company. Finally, StockNews.com cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 29th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Bel Fuse currently has a consensus rating of “Buy” and an average price target of $98.33.

Bel Fuse Stock Performance

NASDAQ BELFB opened at $78.18 on Tuesday. The firm has a market cap of $981.16 million, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $82.06 and its 200-day moving average is $76.14. Bel Fuse has a 12-month low of $45.74 and a 12-month high of $92.61.

Insider Transactions at Bel Fuse

In other Bel Fuse news, insider Stephen Dawson sold 1,500 shares of Bel Fuse stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the transaction, the insider now owns 14,832 shares of the company’s stock, valued at $1,151,704.80. This trade represents a 9.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joseph Francis Berry sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the transaction, the vice president now owns 8,023 shares in the company, valued at $644,246.90. The trade was a 11.08 % decrease in their position. The disclosure for this sale can be found here. 5.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bel Fuse

Hedge funds and other institutional investors have recently bought and sold shares of the business. nVerses Capital LLC bought a new stake in Bel Fuse during the 3rd quarter worth approximately $39,000. BNP Paribas Financial Markets increased its holdings in shares of Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after purchasing an additional 200 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Bel Fuse in the third quarter worth $200,000. One Wealth Advisors LLC purchased a new stake in shares of Bel Fuse in the third quarter worth $227,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in Bel Fuse during the third quarter valued at $288,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Company Profile

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.