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

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 157,400 shares, a decline of 8.4% from the September 15th total of 171,900 shares. Based on an average daily trading volume, of 14,500 shares, the days-to-cover ratio is presently 10.9 days. Approximately 10.0% of the shares of the stock are sold short.

Institutional Trading of Bel Fuse

Several large investors have recently made changes to their positions in the company. Rhumbline Advisers boosted its stake in Bel Fuse by 2,346.3% during the second quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company's stock worth $158,000 after buying an additional 1,877 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Bel Fuse during the second quarter worth $444,000. Finally, Janney Montgomery Scott LLC boosted its stake in Bel Fuse by 8.8% during the first quarter. Janney Montgomery Scott LLC now owns 13,123 shares of the scientific and technical instruments company's stock worth $929,000 after buying an additional 1,063 shares during the last quarter. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

Bel Fuse Price Performance

Shares of Bel Fuse stock traded down $1.56 on Tuesday, reaching $102.87. The company's stock had a trading volume of 16,192 shares, compared to its average volume of 12,440. The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. Bel Fuse has a 52-week low of $38.82 and a 52-week high of $105.60. The company has a market capitalization of $1.30 billion, a P/E ratio of 18.65 and a beta of 1.28. The stock has a 50-day moving average price of $91.13 and a 200-day moving average price of $82.61.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $1.46 EPS for the quarter, topping the consensus estimate of $0.87 by $0.59. Bel Fuse had a return on equity of 21.62% and a net margin of 11.81%. The firm had revenue of $133.21 million during the quarter.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.23%. The ex-dividend date of this dividend is Tuesday, October 15th. Bel Fuse's payout ratio is 4.26%.

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.