Short Interest in Bel Fuse Inc. (NASDAQ:BELFB) Increases By 21.8%

Bel Fuse Inc. (NASDAQ:BELFB) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 469,200 shares, a growth of 21.8% from the June 30th total of 385,200 shares. Based on an average trading volume of 84,700 shares, the short-interest ratio is currently 5.5 days.

Bel Fuse Price Performance

Shares of NASDAQ BELFB traded down $0.66 during mid-day trading on Monday, reaching $74.39. The company had a trading volume of 94,287 shares, compared to its average volume of 105,027. 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 $938.80 million, a PE ratio of 12.71 and a beta of 1.42. The company has a 50-day moving average price of $66.87 and a two-hundred day moving average price of $63.33. Bel Fuse has a 1-year low of $39.13 and a 1-year high of $76.09.

Bel Fuse (NASDAQ:BELFB) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (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 business had revenue of $133.21 million for the quarter, compared to analysts’ expectations of $130.27 million. During the same period in the previous year, the firm posted $1.95 EPS. On average, equities analysts anticipate that Bel Fuse will post 4.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BELFB. Quadrature Capital Ltd acquired a new stake in shares of Bel Fuse in the fourth quarter worth about $1,061,000. International Assets Investment Management LLC bought a new position in shares of Bel Fuse in the fourth quarter worth about $6,041,000. Russell Investments Group Ltd. bought a new position in shares of Bel Fuse in the first quarter worth about $1,532,000. Hussman Strategic Advisors Inc. bought a new position in shares of Bel Fuse in the first quarter worth about $760,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $6,658,000 after purchasing an additional 21,047 shares during the period. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BELFB. Northland Securities downgraded Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 target price on the stock. in a research note on Thursday, May 2nd. Needham & Company LLC lifted their target price on Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a research note on Friday. Finally, StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th.

About Bel Fuse

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.