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

Bel Fuse Inc. (NASDAQ:BELFAGet Free Report) was the target of a large growth in short interest during the month of February. As of February 29th, there was short interest totalling 56,700 shares, a growth of 161.3% from the February 14th total of 21,700 shares. Approximately 3.5% of the company’s shares are short sold. Based on an average daily volume of 6,000 shares, the short-interest ratio is presently 9.5 days.

Bel Fuse Stock Down 0.2 %

Shares of NASDAQ:BELFA opened at $67.58 on Friday. Bel Fuse has a 52-week low of $31.15 and a 52-week high of $78.77. The firm has a market capitalization of $863.67 million, a P/E ratio of 12.22 and a beta of 1.39. The stock has a 50 day moving average price of $67.05 and a 200-day moving average price of $57.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.21 and a current ratio of 3.45.

Bel Fuse (NASDAQ:BELFAGet Free Report) last announced its earnings results on Wednesday, February 21st. The scientific and technical instruments company reported $1.29 earnings per share (EPS) for the quarter. The firm 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.24 annualized dividend and a yield of 0.36%. Bel Fuse’s dividend payout ratio is 4.34%.

Institutional Trading of Bel Fuse

Several institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its holdings in shares of Bel Fuse by 514.9% in the third quarter. Tower Research Capital LLC TRC now owns 1,033 shares of the scientific and technical instruments company’s stock worth $29,000 after purchasing an additional 865 shares during the last quarter. Morgan Stanley raised its holdings in Bel Fuse by 40.6% in the fourth quarter. Morgan Stanley now owns 1,784 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 515 shares in the last quarter. Geode Capital Management LLC acquired a new position in shares of Bel Fuse during the second quarter valued at about $202,000. Citadel Advisors LLC purchased a new stake in Bel Fuse in the second quarter valued at approximately $204,000. Finally, UBS Group AG purchased a new stake in Bel Fuse in the first quarter valued at approximately $134,000. 5.29% of the stock is currently owned by hedge funds and other institutional investors.

Bel Fuse Company Profile

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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.

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