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

Bel Fuse Inc. (NASDAQ:BELFB) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 355,500 shares, a decline of 5.0% from the August 15th total of 374,300 shares. Currently, 3.5% of the company’s shares are sold short. Based on an average daily trading volume, of 69,000 shares, the short-interest ratio is presently 5.2 days.

Bel Fuse Price Performance

BELFB stock opened at $69.47 on Thursday. The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17. The stock has a market cap of $876.71 million, a PE ratio of 11.70 and a beta of 1.34. The stock has a 50-day moving average price of $66.76 and a two-hundred day moving average price of $63.61. Bel Fuse has a 1 year low of $39.13 and a 1 year high of $76.09.

Bel Fuse (NASDAQ:BELFB) last released its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, beating the consensus estimate of $0.92 by $0.58. The firm had revenue of $133.21 million for the quarter, compared to analysts’ expectations of $130.27 million. Bel Fuse had a return on equity of 20.97% and a net margin of 11.81%. During the same quarter in the previous year, the business posted $1.95 EPS. Equities analysts forecast that Bel Fuse will post 4.52 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be paid a $0.07 dividend. The ex-dividend date is Tuesday, October 15th. This represents a $0.28 annualized dividend and a yield of 0.40%. Bel Fuse’s payout ratio is currently 4.71%.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrature Capital Ltd bought a new stake in shares of Bel Fuse during the 4th quarter worth approximately $1,061,000. Russell Investments Group Ltd. bought a new stake in Bel Fuse during the first quarter worth $1,532,000. Hussman Strategic Advisors Inc. bought a new stake in Bel Fuse during the first quarter worth $760,000. Charles Schwab Investment Management Inc. lifted its stake in Bel Fuse by 26.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 99,716 shares of the electronics maker’s stock valued at $6,658,000 after acquiring an additional 21,047 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Bel Fuse in the 1st quarter valued at about $407,000. 58.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BELFB. StockNews.com upgraded Bel Fuse from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Northland Securities upgraded Bel Fuse from a “market perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research report on Thursday, September 5th. Needham & Company LLC increased their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Northland Capmk raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th.

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.