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

Bel Fuse Inc. (NASDAQ:BELFA) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 25,927 shares, an increase of 19.3% from the February 12th total of 21,729 shares. Based on an average trading volume of 40,313 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 40,313 shares, the short-interest ratio is currently 0.6 days.

Analyst Ratings Changes

Several research firms have weighed in on BELFA. Robert W. Baird set a $250.00 price objective on Bel Fuse in a research report on Thursday, February 19th. Weiss Ratings cut shares of Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $182.50.

Bel Fuse Trading Up 2.1%

Shares of NASDAQ:BELFA opened at $180.38 on Monday. The business’s 50 day simple moving average is $192.19 and its 200 day simple moving average is $152.41. Bel Fuse has a 1 year low of $53.95 and a 1 year high of $227.42. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.02 and a quick ratio of 1.71. The company has a market capitalization of $2.28 billion, a P/E ratio of 38.79 and a beta of 1.19.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.78. The firm had revenue of $175.94 million during the quarter, compared to analysts’ expectations of $172.01 million. Bel Fuse had a return on equity of 21.78% and a net margin of 9.11%.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be given a $0.06 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is presently 5.16%.

Insider Activity at Bel Fuse

In related news, Director Peter E. Gilbert sold 4,500 shares of Bel Fuse stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the completion of the sale, the director directly owned 15,047 shares of the company’s stock, valued at approximately $3,592,471.25. This trade represents a 23.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total value of $7,948,278.00. The SEC filing for this sale provides additional information. 5.46% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently bought and sold shares of BELFA. BNP Paribas Financial Markets grew its stake in Bel Fuse by 92.2% during the third quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 153 shares in the last quarter. Sunbelt Securities Inc. bought a new position in Bel Fuse in the 4th quarter valued at about $61,000. Deutsche Bank AG acquired a new position in shares of Bel Fuse in the 4th quarter valued at approximately $111,000. Tower Research Capital LLC TRC raised its position in shares of Bel Fuse by 447.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock valued at $67,000 after buying an additional 608 shares in the last quarter. Finally, PenderFund Capital Management Ltd. bought a new stake in shares of Bel Fuse during the 4th quarter worth approximately $243,000. Institutional investors own 6.01% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.