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

Bel Fuse Inc. (NASDAQ:BELFB) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 324,200 shares, an increase of 5.6% from the December 31st total of 307,000 shares. Currently, 3.2% of the shares of the company are sold short. Based on an average daily trading volume, of 68,500 shares, the days-to-cover ratio is presently 4.7 days.

Wall Street Analysts Forecast Growth

BELFB has been the subject of a number of research analyst reports. StockNews.com cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 29th. Oppenheimer initiated coverage on shares of Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 target price for the company. Finally, Needham & Company LLC lifted their target price on shares of Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, November 18th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $98.33.

Bel Fuse Price Performance

Shares of BELFB stock opened at $81.10 on Monday. Bel Fuse has a 12-month low of $45.74 and a 12-month high of $92.61. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 0.98 and a beta of 1.30. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. The firm has a fifty day moving average of $82.06 and a 200-day moving average of $76.14.

Insider Buying and Selling

In other Bel Fuse news, insider Stephen Dawson sold 1,500 shares of Bel Fuse stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the sale, the insider now directly owns 14,832 shares of the company’s stock, valued at approximately $1,151,704.80. The trade was a 9.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total value of $80,300.00. Following the sale, the vice president now directly owns 8,023 shares in the company, valued at $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.37% of the stock is owned by company insiders.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in Bel Fuse by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock worth $22,716,000 after purchasing an additional 6,250 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Bel Fuse by 11.1% during the 3rd quarter. Janus Henderson Group PLC now owns 256,172 shares of the electronics maker’s stock worth $20,109,000 after buying an additional 25,607 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Bel Fuse by 7.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 179,503 shares of the electronics maker’s stock worth $14,093,000 after buying an additional 12,007 shares during the last quarter. Portolan Capital Management LLC boosted its stake in shares of Bel Fuse by 122.8% during the 3rd quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker’s stock worth $9,489,000 after buying an additional 66,621 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Bel Fuse by 15.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,789 shares of the electronics maker’s stock worth $8,934,000 after buying an additional 15,296 shares during the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.

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.