Bel Fuse Inc. (NASDAQ:BELFA) Short Interest Update

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 company are short sold. Based on an average daily volume of 9,300 shares, the short-interest ratio is currently 4.6 days.

Hedge Funds Weigh In On Bel Fuse

A number of hedge funds and other institutional investors have recently made changes to their positions in BELFA. JPMorgan Chase & Co. boosted its stake in Bel Fuse by 4,248.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company’s stock valued at $6,720,000 after buying an additional 66,027 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Bel Fuse by 58.1% in the 4th 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 in the last quarter. Citadel Advisors LLC grew its holdings in shares of Bel Fuse by 199.9% in the 4th quarter. Citadel Advisors LLC now owns 16,419 shares of the scientific and technical instruments company’s stock worth $1,479,000 after purchasing an additional 10,945 shares during the last quarter. Herald Investment Management Ltd acquired a new stake in shares of Bel Fuse during the 4th quarter worth about $360,000. Finally, Marshall Wace LLP bought a new position in Bel Fuse during the 4th quarter valued at about $337,000. 6.01% of the stock is owned by institutional investors.

Bel Fuse Stock Down 1.6 %

NASDAQ BELFA opened at $73.29 on Wednesday. Bel Fuse has a twelve month low of $66.00 and a twelve month high of $106.93. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. The stock has a market cap of $918.98 million, a PE ratio of 23.72 and a beta of 1.11. The firm has a 50-day simple moving average of $82.72 and a 200 day simple moving average of $91.80.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.44. The company had revenue of $149.86 million for the quarter, compared to analyst estimates 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 declared a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 7.77%.

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.