Bel Fuse Inc. (NASDAQ:BELFA) Short Interest Down 14.1% in February

Bel Fuse Inc. (NASDAQ:BELFA) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 53,500 shares, a decline of 14.1% from the January 31st total of 62,300 shares. Currently, 3.4% of the company’s stock are sold short. Based on an average trading volume of 9,600 shares, the days-to-cover ratio is presently 5.6 days.

Bel Fuse Stock Performance

BELFA traded down $1.59 on Thursday, hitting $77.91. The company had a trading volume of 7,014 shares, compared to its average volume of 12,574. The stock has a market cap of $977.43 million, a price-to-earnings ratio of 25.21 and a beta of 1.23. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The company’s fifty day moving average price is $85.14 and its 200 day moving average price is $92.36. Bel Fuse has a 1-year low of $63.65 and a 1-year high of $106.93.

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

Bel Fuse Dividend Announcement

The company 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 dividend of $0.06 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.24 annualized dividend and a yield of 0.31%. Bel Fuse’s dividend payout ratio is 7.77%.

Institutional Trading of Bel Fuse

Several institutional investors have recently modified their holdings of BELFA. Wells Fargo & Company MN boosted its position in Bel Fuse by 26.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company’s stock valued at $97,000 after buying an additional 223 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Bel Fuse by 129.2% in 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 buying an additional 619 shares in the last quarter. Bank of America Corp DE raised its holdings 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 buying an additional 486 shares during the last quarter. BNP Paribas Financial Markets lifted its position in 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 worth $206,000 after buying an additional 1,790 shares in the last quarter. Finally, Barclays PLC grew its holdings in 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 worth $230,000 after acquiring an additional 1,701 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.