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

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) was the recipient of a large decrease in short interest in 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. Based on an average trading volume of 9,300 shares, the short-interest ratio is currently 4.6 days. Currently, 2.7% of the company's shares are short sold.

Bel Fuse Stock Down 0.8 %

BELFA traded down $0.62 during trading hours on Thursday, hitting $74.98. 1,937 shares of the company's stock were exchanged, compared to its average volume of 12,440. The firm has a market cap of $940.17 million, a P/E ratio of 24.26 and a beta of 1.11. Bel Fuse has a 12-month low of $67.20 and a 12-month high of $106.93. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average of $82.52 and a 200 day moving average of $91.68.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.44. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%. The business had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million.

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Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a dividend of $0.06 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.24 annualized dividend and a yield of 0.32%. Bel Fuse's dividend payout ratio is currently 7.77%.

Institutional Trading of Bel Fuse

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its stake in Bel Fuse by 26.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock valued at $97,000 after acquiring an additional 223 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Bel Fuse by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company's stock valued at $109,000 after purchasing an additional 619 shares during the period. Bank of America Corp DE lifted its holdings in shares of Bel Fuse by 41.8% during the fourth quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company's stock worth $148,000 after purchasing an additional 486 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Bel Fuse by 632.5% during the third quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company's stock worth $206,000 after purchasing an additional 1,790 shares during the period. Finally, Barclays PLC grew its position in Bel Fuse by 278.9% in the 3rd quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company's stock valued at $230,000 after buying an additional 1,701 shares during the last quarter. Institutional investors and hedge funds own 6.01% of the company's stock.

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.