Bel Fuse Inc. (NASDAQ:BELFA) Short Interest Down 14.1% in February

Bel Fuse Inc. (NASDAQ:BELFA) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 53,500 shares, a drop of 14.1% from the January 31st total of 62,300 shares. Approximately 3.4% of the company’s shares are sold short. Based on an average daily volume of 9,600 shares, the days-to-cover ratio is currently 5.6 days.

Institutional Investors Weigh In On Bel Fuse

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of Bel Fuse by 67.6% during the fourth quarter. JPMorgan Chase & Co. now owns 113,291 shares of the scientific and technical instruments company’s stock valued at $10,205,000 after acquiring an additional 45,710 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Bel Fuse by 3.1% during the fourth quarter. Renaissance Technologies LLC now owns 43,253 shares of the scientific and technical instruments company’s stock valued at $3,896,000 after acquiring an additional 1,300 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Bel Fuse by 9.4% during the fourth quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company’s stock valued at $3,321,000 after acquiring an additional 3,167 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Bel Fuse by 58.1% during the fourth quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company’s stock valued at $2,704,000 after acquiring an additional 11,031 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Bel Fuse by 12.9% during the third quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after acquiring an additional 2,876 shares in the last quarter. 6.01% of the stock is currently owned by institutional investors.

Bel Fuse Stock Performance

Shares of BELFA stock opened at $77.84 on Friday. The business’s 50-day moving average price is $85.14 and its 200-day moving average price is $92.36. Bel Fuse has a 12 month low of $64.52 and a 12 month high of $106.93. The firm has a market capitalization of $976.50 million, a price-to-earnings ratio of 25.19 and a beta of 1.23. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings data on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.44. The company had revenue of $149.86 million during the quarter, compared to the consensus estimate of $126.41 million. Bel Fuse had a return on equity of 18.61% and a net margin of 7.66%.

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.31%. Bel Fuse’s payout ratio is currently 7.77%.

Bel Fuse Company Profile

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.