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

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

Bel Fuse Price Performance

Shares of BELFA opened at $69.60 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.45 and a quick ratio of 2.21. Bel Fuse has a 1-year low of $33.04 and a 1-year high of $78.77. The stock has a market cap of $888.10 million, a PE ratio of 12.59 and a beta of 1.41. The firm has a fifty day moving average price of $69.12 and a 200 day moving average price of $60.77.

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

Bel Fuse Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.34%. The ex-dividend date is Friday, April 12th. Bel Fuse’s payout ratio is currently 4.34%.

Hedge Funds Weigh In On Bel Fuse

Hedge funds have recently modified their holdings of the business. Brown Advisory Inc. purchased a new position in shares of Bel Fuse during the fourth quarter worth about $2,442,000. Northern Trust Corp lifted its position in Bel Fuse by 16.3% during the 3rd quarter. Northern Trust Corp now owns 8,276 shares of the scientific and technical instruments company’s stock worth $385,000 after acquiring an additional 1,162 shares during the period. UBS Group AG lifted its position in Bel Fuse by 7.9% during the 3rd quarter. UBS Group AG now owns 3,803 shares of the scientific and technical instruments company’s stock worth $177,000 after acquiring an additional 278 shares during the period. Charles Schwab Investment Management Inc. purchased a new position in shares of Bel Fuse in the 3rd quarter valued at approximately $415,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of 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 valued at $582,000 after purchasing an additional 7,745 shares during the period. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

Bel Fuse Company Profile

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.