Bel Fuse Inc. (NASDAQ:BELFA) Short Interest Up 9.0% in March

Bel Fuse Inc. (NASDAQ:BELFAGet Free Report) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 61,800 shares, an increase of 9.0% from the February 29th total of 56,700 shares. Based on an average daily trading volume, of 7,200 shares, the short-interest ratio is presently 8.6 days. Approximately 3.9% of the company’s stock are sold short.

Bel Fuse Stock Up 1.5 %

BELFA stock traded up $1.03 during mid-day trading on Wednesday, reaching $72.03. 1,397 shares of the company traded hands, compared to its average volume of 7,652. The stock has a market cap of $919.10 million, a price-to-earnings ratio of 12.84 and a beta of 1.41. The company has a quick ratio of 2.21, a current ratio of 3.45 and a debt-to-equity ratio of 0.18. Bel Fuse has a fifty-two week low of $33.04 and a fifty-two week high of $78.77. The firm’s 50 day moving average price is $68.95 and its 200 day moving average price is $59.17.

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

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given 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 dividend yield of 0.33%. Bel Fuse’s dividend payout ratio is currently 4.34%.

Hedge Funds Weigh In On Bel Fuse

Several hedge funds have recently modified their holdings of BELFA. Tower Research Capital LLC TRC lifted its position in shares of Bel Fuse by 514.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,033 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 865 shares in the last quarter. Morgan Stanley raised its holdings in shares of Bel Fuse by 40.6% in the 4th quarter. Morgan Stanley now owns 1,784 shares of the scientific and technical instruments company’s stock worth $56,000 after purchasing an additional 515 shares during the period. UBS Group AG bought a new stake in shares of Bel Fuse in the 1st quarter worth approximately $134,000. Geode Capital Management LLC bought a new stake in shares of Bel Fuse in the 2nd quarter worth approximately $202,000. Finally, Citadel Advisors LLC bought a new stake in shares of Bel Fuse in the 2nd quarter worth approximately $204,000. Institutional investors own 6.01% of the company’s stock.

About Bel Fuse

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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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