Short Interest in Bel Fuse Inc. (NASDAQ:BELFA) Drops By 20.6%

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

Bel Fuse Stock Performance

BELFA opened at $74.48 on Tuesday. Bel Fuse has a 12-month low of $65.98 and a 12-month high of $106.93. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $933.90 million, a PE ratio of 24.10 and a beta of 1.11. The firm has a 50 day moving average of $82.97 and a two-hundred day moving average of $91.89.

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 for the quarter, beating the consensus estimate of $1.01 by $0.44. The firm had revenue of $149.86 million during the quarter, compared to analyst estimates 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 business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a $0.06 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.32%. Bel Fuse’s dividend payout ratio is currently 7.77%.

Institutional Investors Weigh In On Bel Fuse

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its stake in Bel Fuse by 4,248.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company’s stock worth $6,720,000 after purchasing an additional 66,027 shares during the last quarter. State Street Corp boosted its position in shares of 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 valued at $2,498,000 after acquiring an additional 2,876 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of 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 acquiring an additional 2,778 shares during the last quarter. Barclays PLC boosted its position in shares of Bel Fuse by 278.9% during the 3rd 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. Finally, BNP Paribas Financial Markets boosted its position in shares of Bel Fuse by 632.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock valued at $206,000 after acquiring an additional 1,790 shares during the last quarter. Institutional investors and hedge funds own 6.01% 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.