Short Interest in Bel Fuse Inc. (NASDAQ:BELFA) Expands By 8.3%

Bel Fuse Inc. (NASDAQ:BELFA) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 70,100 shares, a growth of 8.3% from the May 15th total of 64,700 shares. Approximately 4.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,100 shares, the days-to-cover ratio is presently 6.9 days.

Bel Fuse Stock Performance

NASDAQ BELFA opened at $83.37 on Wednesday. The stock has a market capitalization of $1.05 billion, a PE ratio of 14.81 and a beta of 1.35. The business has a 50 day simple moving average of $75.43 and a two-hundred day simple moving average of $69.46. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.21 and a quick ratio of 2.70. Bel Fuse has a 1-year low of $38.82 and a 1-year high of $85.91.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings data on Thursday, April 25th. The scientific and technical instruments company reported $1.19 earnings per share (EPS) for the quarter. The business had revenue of $128.09 million during the quarter. Bel Fuse had a return on equity of 24.29% and a net margin of 12.62%.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Monday, July 15th. Bel Fuse’s payout ratio is 4.26%.

Institutional Investors Weigh In On Bel Fuse

A hedge fund recently raised its stake in Bel Fuse stock. Janney Montgomery Scott LLC increased its holdings in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 161.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 12,534 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,745 shares during the period. Janney Montgomery Scott LLC owned about 0.10% of Bel Fuse worth $582,000 at the end of the most recent quarter. 6.01% of the stock is currently owned by institutional investors.

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.