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

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 33,500 shares, a decrease of 15.0% from the March 15th total of 39,400 shares. Approximately 2.1% of the company's stock are sold short. Based on an average daily volume of 8,000 shares, the short-interest ratio is currently 4.2 days.

Bel Fuse Stock Performance

Bel Fuse stock traded up $0.20 during trading hours on Friday, reaching $66.60. 6,450 shares of the company were exchanged, compared to its average volume of 12,216. Bel Fuse has a 12 month low of $53.95 and a 12 month high of $106.93. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average of $72.57 and a 200 day moving average of $86.36. The firm has a market cap of $835.10 million, a price-to-earnings ratio of 21.55 and a beta of 0.99.

Bel Fuse (NASDAQ:BELFA - Get Free Report) last posted its earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.99 by $0.29. The business had revenue of $152.24 million for the quarter, compared to analyst estimates of $148.60 million. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, April 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.36%. Bel Fuse's dividend payout ratio is presently 7.77%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Wells Fargo & Company MN increased its position in Bel Fuse by 26.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,079 shares of the scientific and technical instruments company's stock worth $97,000 after acquiring an additional 223 shares during the period. Bank of America Corp DE increased its holdings in shares of Bel Fuse by 41.8% during the 4th quarter. Bank of America Corp DE now owns 1,648 shares of the scientific and technical instruments company's stock worth $148,000 after purchasing an additional 486 shares during the period. Rhumbline Advisers lifted its stake in shares of Bel Fuse by 41.5% in the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company's stock valued at $188,000 after buying an additional 767 shares during the period. Barclays PLC grew its position in Bel Fuse by 278.9% during the third quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company's stock worth $230,000 after buying an additional 1,701 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Bel Fuse during the fourth quarter valued at about $337,000. 6.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum set a $115.00 target price on Bel Fuse and gave the company a "buy" rating in a report on Tuesday, March 25th.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.