Bel Fuse, Inc. (NASDAQ:BELFA) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 1,100 shares, a drop of 26.7% from the July 31st total of 1,500 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the shares of the stock are short sold.
In other Bel Fuse news, Director Peter E. Gilbert bought 5,000 shares of the firm’s stock in a transaction on Monday, August 12th. The shares were purchased at an average price of $10.52 per share, for a total transaction of $52,600.00. Following the completion of the transaction, the director now directly owns 23,750 shares in the company, valued at approximately $249,850. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.53% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in Bel Fuse stock. Vanguard Group Inc. increased its position in Bel Fuse, Inc. (NASDAQ:BELFA) by 22.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,075 shares of the scientific and technical instruments company’s stock after acquiring an additional 3,101 shares during the period. Vanguard Group Inc. owned approximately 0.14% of Bel Fuse worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 7.25% of the stock is currently owned by institutional investors.
Shares of NASDAQ BELFA traded down $4.68 during trading on Friday, reaching $9.81. 649 shares of the stock traded hands, compared to its average volume of 2,082. The company has a 50-day moving average of $11.41 and a 200-day moving average of $16.72. The stock has a market capitalization of $128.45 million, a P/E ratio of 8.02 and a beta of 2.01. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.23 and a quick ratio of 1.87. Bel Fuse has a 52-week low of $9.10 and a 52-week high of $24.47.
Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings results on Thursday, August 1st. The scientific and technical instruments company reported $0.03 earnings per share for the quarter. The firm had revenue of $127.42 million for the quarter. Bel Fuse had a return on equity of 9.48% and a net margin of 3.59%.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, October 14th. This represents a $0.24 annualized dividend and a yield of 2.45%.
Separately, ValuEngine raised Bel Fuse from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th.
About Bel Fuse
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
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