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

Bel Fuse Inc. (NASDAQ:BELFA) saw a large increase in short interest during 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 trading volume of 7,200 shares, the short-interest ratio is currently 8.6 days. Currently, 3.9% of the shares of the stock are sold short.

Bel Fuse Trading Up 1.5 %

Shares of NASDAQ BELFA traded up $1.03 during midday trading on Wednesday, reaching $72.03. 1,397 shares of the stock were exchanged, compared to its average volume of 7,652. The company has a 50 day simple moving average of $68.95 and a 200 day simple moving average of $59.17. The stock has a market capitalization of $919.10 million, a P/E ratio of 12.84 and a beta of 1.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.21 and a current ratio of 3.45. Bel Fuse has a twelve month low of $33.04 and a twelve month high of $78.77.

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

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be given a $0.06 dividend. The ex-dividend date is Friday, April 12th. This represents a $0.24 annualized dividend and a yield of 0.33%. Bel Fuse’s dividend payout ratio is presently 4.34%.

Institutional Trading of Bel Fuse

Several hedge funds and other institutional investors have recently made changes to their positions in BELFA. Tower Research Capital LLC TRC lifted its holdings in shares of Bel Fuse by 514.9% in the third quarter. Tower Research Capital LLC TRC now owns 1,033 shares of the scientific and technical instruments company’s stock valued at $29,000 after purchasing an additional 865 shares in the last quarter. Morgan Stanley raised its position in shares of Bel Fuse by 40.6% in the fourth quarter. Morgan Stanley now owns 1,784 shares of the scientific and technical instruments company’s stock valued at $56,000 after buying an additional 515 shares during the last quarter. Geode Capital Management LLC acquired a new position in shares of Bel Fuse in the second quarter valued at approximately $202,000. Citadel Advisors LLC acquired a new position in shares of Bel Fuse in the second quarter valued at approximately $204,000. Finally, UBS Group AG acquired a new position in shares of Bel Fuse in the first quarter valued at approximately $134,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Bel Fuse Company Profile

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.