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

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

Bel Fuse Stock Performance

NASDAQ:BELFA opened at $76.29 on Monday. The stock has a fifty day moving average price of $83.27 and a 200-day moving average price of $91.97. The company has a market cap of $956.60 million, a price-to-earnings ratio of 24.69 and a beta of 1.11. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. Bel Fuse has a fifty-two week low of $65.98 and a fifty-two week high of $106.93.

Bel Fuse (NASDAQ:BELFA) last released its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.44. The firm had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%.

Bel Fuse Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.31%. Bel Fuse’s dividend payout ratio is currently 7.77%.

Institutional Trading of Bel Fuse

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in Bel Fuse by 4,248.8% in the third quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company’s stock valued at $6,720,000 after purchasing an additional 66,027 shares during the last quarter. American Century Companies Inc. raised its position in Bel Fuse by 58.1% in the fourth quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company’s stock valued at $2,704,000 after purchasing an additional 11,031 shares during the last quarter. Citadel Advisors LLC raised its position in Bel Fuse by 199.9% in the fourth quarter. Citadel Advisors LLC now owns 16,419 shares of the scientific and technical instruments company’s stock valued at $1,479,000 after purchasing an additional 10,945 shares during the last quarter. Herald Investment Management Ltd bought a new position in Bel Fuse in the fourth quarter valued at about $360,000. Finally, Marshall Wace LLP bought a new position in Bel Fuse in the fourth quarter valued at about $337,000. 6.01% of the stock is currently owned by institutional investors.

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.