Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 295,400 shares, a decrease of 6.3% from the March 31st total of 315,100 shares. Based on an average daily volume of 128,500 shares, the days-to-cover ratio is presently 2.3 days.
Bel Fuse Trading Down 0.9 %
NASDAQ:BELFB traded down $0.54 during trading hours on Tuesday, hitting $58.72. The company had a trading volume of 91,844 shares, compared to its average volume of 119,633. 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 52 week low of $39.13 and a 52 week high of $74.75. The company has a market capitalization of $749.27 million, a PE ratio of 9.89 and a beta of 1.44. The stock has a 50-day moving average price of $57.58 and a 200 day moving average price of $58.91.
Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The electronics maker reported $1.37 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.07). Bel Fuse had a net margin of 12.62% and a return on equity of 23.58%. The firm had revenue of $140.01 million for the quarter, compared to the consensus estimate of $152.86 million. On average, equities research analysts predict that Bel Fuse will post 4.7 EPS for the current fiscal year.
Bel Fuse Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend is Friday, April 12th. Bel Fuse's dividend payout ratio (DPR) is 4.71%.
Insider Buying and Selling at Bel Fuse
In related news, Director Vincent Vellucci sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total value of $56,700.00. Following the completion of the transaction, the director now directly owns 7,392 shares of the company's stock, valued at approximately $419,126.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.37% of the company's stock.
Institutional Investors Weigh In On Bel Fuse
Institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd raised its holdings in shares of Bel Fuse by 26.5% during the third quarter. Covestor Ltd now owns 1,012 shares of the electronics maker's stock valued at $48,000 after purchasing an additional 212 shares during the last quarter. Toronto Dominion Bank bought a new position in Bel Fuse in the third quarter valued at about $48,000. New York State Teachers Retirement System boosted its position in Bel Fuse by 373.5% in the first quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker's stock worth $57,000 after purchasing an additional 747 shares during the last quarter. Tucker Asset Management LLC purchased a new stake in shares of Bel Fuse during the 3rd quarter valued at about $59,000. Finally, AJOVista LLC bought a new position in shares of Bel Fuse in the 4th quarter worth approximately $73,000. Institutional investors own 58.39% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. StockNews.com upgraded Bel Fuse from a "hold" rating to a "buy" rating in a research report on Friday. Northland Securities assumed coverage on shares of Bel Fuse in a research note on Thursday, January 11th. They issued an "outperform" rating and a $83.00 price target for the company. Finally, Needham & Company LLC lowered their price objective on shares of Bel Fuse from $70.00 to $68.00 and set a "buy" rating on the stock in a research report on Monday.
Read Our Latest Analysis on Bel Fuse
About Bel Fuse
(
Get Free Report)
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.
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