Short Interest in Bel Fuse Inc. (NASDAQ:BELFA) Declines By 5.0%

Bel Fuse Inc. (NASDAQ:BELFA) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 58,700 shares, a decrease of 5.0% from the March 15th total of 61,800 shares. Approximately 3.7% of the shares of the stock are sold short. Based on an average daily volume of 7,900 shares, the days-to-cover ratio is presently 7.4 days.

Hedge Funds Weigh In On Bel Fuse

Large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its stake in Bel Fuse by 161.7% in the third quarter. Janney Montgomery Scott LLC now owns 12,534 shares of the scientific and technical instruments company’s stock worth $582,000 after purchasing an additional 7,745 shares during the last quarter. State Street Corp purchased a new position in Bel Fuse during the 2nd quarter valued at $543,000. Renaissance Technologies LLC boosted its holdings in Bel Fuse by 2.5% during the 2nd quarter. Renaissance Technologies LLC now owns 24,400 shares of the scientific and technical instruments company’s stock valued at $525,000 after acquiring an additional 600 shares during the period. Charles Schwab Investment Management Inc. purchased a new stake in Bel Fuse in the third quarter worth $415,000. Finally, Northern Trust Corp purchased a new stake in Bel Fuse in the second quarter worth $413,000. Institutional investors own 6.01% of the company’s stock.

Bel Fuse Trading Up 0.1 %

Shares of BELFA stock opened at $69.60 on Tuesday. The company has a current ratio of 3.45, a quick ratio of 2.21 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $888.10 million, a price-to-earnings ratio of 12.59 and a beta of 1.41. Bel Fuse has a 12-month low of $33.04 and a 12-month high of $78.77. The stock’s 50-day moving average price is $69.12 and its 200-day moving average price is $60.77.

Bel Fuse (NASDAQ:BELFA) last posted its earnings results on Wednesday, February 21st. The scientific and technical instruments company reported $1.29 EPS for the quarter. Bel Fuse had a return on equity of 26.57% and a net margin of 11.54%. The firm had revenue of $140.01 million during the quarter.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.34%. Bel Fuse’s dividend payout ratio (DPR) is presently 4.34%.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.