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

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 58,700 shares, a decrease of 5.0% from the March 15th total of 61,800 shares. Based on an average daily trading volume, of 7,900 shares, the days-to-cover ratio is currently 7.4 days. Currently, 3.7% of the company's shares are sold short.

Institutional Investors Weigh In On Bel Fuse

Several hedge funds have recently modified their holdings of the business. Brown Advisory Inc. bought a new stake in shares of Bel Fuse in the fourth quarter valued at approximately $2,442,000. Northern Trust Corp increased its position in Bel Fuse by 16.3% in the third quarter. Northern Trust Corp now owns 8,276 shares of the scientific and technical instruments company's stock worth $385,000 after purchasing an additional 1,162 shares during the period. UBS Group AG increased its position in Bel Fuse by 7.9% in the third quarter. UBS Group AG now owns 3,803 shares of the scientific and technical instruments company's stock worth $177,000 after purchasing an additional 278 shares during the period. Charles Schwab Investment Management Inc. acquired a new stake in Bel Fuse in the third quarter worth about $415,000. Finally, Janney Montgomery Scott LLC grew its position in shares of Bel Fuse by 161.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 12,534 shares of the scientific and technical instruments company's stock worth $582,000 after buying an additional 7,745 shares during the period. 6.01% of the stock is owned by institutional investors.

Bel Fuse Trading Down 0.2 %

BELFA stock traded down $0.15 during mid-day trading on Tuesday, reaching $69.45. 3,803 shares of the stock traded hands, compared to its average volume of 7,508. The stock's fifty day moving average is $69.12 and its 200-day moving average is $60.93. The company has a current ratio of 3.45, a quick ratio of 2.21 and a debt-to-equity ratio of 0.18. The company has a market cap of $886.18 million, a P/E ratio of 12.56 and a beta of 1.41. Bel Fuse has a 52-week low of $33.04 and a 52-week high of $78.77.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The scientific and technical instruments company reported $1.29 EPS for the quarter. Bel Fuse had a return on equity of 26.57% and a net margin of 11.54%. The firm had revenue of $140.01 million for the quarter.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.24 annualized dividend and a yield of 0.35%. Bel Fuse's dividend payout ratio (DPR) is presently 4.34%.

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.