Bel Fuse Inc. (NASDAQ:BELFB) Short Interest Down 19.3% in July

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 378,500 shares, a decrease of 19.3% from the July 15th total of 469,200 shares. Based on an average daily volume of 82,900 shares, the short-interest ratio is currently 4.6 days. Approximately 3.7% of the company's stock are short sold.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BELFB. Northland Securities raised their price objective on Bel Fuse from $63.00 to $80.00 and gave the stock a "market perform" rating in a research note on Tuesday, July 30th. Needham & Company LLC upped their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Finally, StockNews.com raised shares of Bel Fuse from a "hold" rating to a "buy" rating in a report on Thursday, August 1st.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Quadrature Capital Ltd bought a new position in Bel Fuse in the fourth quarter worth about $1,061,000. Russell Investments Group Ltd. bought a new stake in Bel Fuse in the first quarter valued at about $1,532,000. Hussman Strategic Advisors Inc. bought a new stake in Bel Fuse during the first quarter worth about $760,000. Charles Schwab Investment Management Inc. lifted its position in shares of Bel Fuse by 26.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker's stock worth $6,658,000 after purchasing an additional 21,047 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of Bel Fuse during the first quarter worth approximately $407,000. Hedge funds and other institutional investors own 58.39% of the company's stock.

Bel Fuse Price Performance

NASDAQ:BELFB traded down $1.01 during trading hours on Friday, reaching $63.99. The stock had a trading volume of 72,976 shares, compared to its average volume of 101,226. The company has a 50 day moving average price of $66.29 and a two-hundred day moving average price of $63.39. Bel Fuse has a 52 week low of $39.13 and a 52 week high of $76.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.76 and a current ratio of 4.19. The stock has a market capitalization of $807.55 million, a PE ratio of 10.77 and a beta of 1.41.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.58. Bel Fuse had a return on equity of 20.97% and a net margin of 11.81%. The firm had revenue of $133.21 million for the quarter, compared to the consensus estimate of $130.27 million. During the same quarter in the prior year, the business earned $1.95 earnings per share. As a group, sell-side analysts anticipate that Bel Fuse will post 4.52 earnings per share for the current fiscal year.

Bel Fuse Dividend Announcement

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 issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Tuesday, October 15th. Bel Fuse's dividend payout ratio is currently 4.71%.

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.