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

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

Bel Fuse Trading Up 0.9 %

NASDAQ:BELFA opened at $67.10 on Wednesday. The stock has a fifty day moving average price of $66.80 and a two-hundred day moving average price of $56.95. The stock has a market capitalization of $857.54 million, a price-to-earnings ratio of 12.13 and a beta of 1.39. 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 has a 1 year low of $31.15 and a 1 year high of $78.77.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.36%. The ex-dividend date is Friday, April 12th. Bel Fuse’s payout ratio is 4.34%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BELFA. Tower Research Capital LLC TRC increased its position 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 valued at $29,000 after buying an additional 865 shares in the last quarter. Morgan Stanley increased its position in shares of 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 valued at $56,000 after buying an additional 515 shares in the last quarter. UBS Group AG purchased a new position in shares of Bel Fuse in the first quarter valued at $134,000. Geode Capital Management LLC acquired a new stake in shares of Bel Fuse during the second quarter valued at $202,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Bel Fuse during the second quarter valued at $204,000. Hedge funds and other institutional investors own 5.29% of the company’s stock.

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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