Bel Fuse Inc. (NASDAQ:BELFB) Sees Significant Increase in Short Interest

Bel Fuse Inc. (NASDAQ:BELFBGet Free Report) was the target of a significant growth in short interest in the month of February. As of February 29th, there was short interest totalling 203,100 shares, a growth of 25.7% from the February 14th total of 161,600 shares. Based on an average trading volume of 125,900 shares, the days-to-cover ratio is currently 1.6 days.

Insider Activity at Bel Fuse

In related news, Director Vincent Vellucci sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $56.70, for a total transaction of $56,700.00. Following the completion of the sale, the director now directly owns 7,392 shares in the company, valued at $419,126.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.37% of the company’s stock.

Institutional Investors Weigh In On Bel Fuse

A number of institutional investors have recently modified their holdings of BELFB. Advisor Group Holdings Inc. boosted its stake in shares of Bel Fuse by 704.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,619 shares of the electronics maker’s stock valued at $65,000 after buying an additional 3,169 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Bel Fuse by 2.8% during the 1st quarter. Bank of New York Mellon Corp now owns 72,156 shares of the electronics maker’s stock valued at $1,287,000 after buying an additional 1,976 shares during the period. Bank of Montreal Can acquired a new stake in shares of Bel Fuse during the 1st quarter valued at $242,000. BlackRock Inc. boosted its stake in shares of Bel Fuse by 0.7% during the 1st quarter. BlackRock Inc. now owns 270,177 shares of the electronics maker’s stock valued at $4,820,000 after buying an additional 1,942 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Bel Fuse by 0.4% during the 1st quarter. LSV Asset Management now owns 296,894 shares of the electronics maker’s stock valued at $5,297,000 after buying an additional 1,300 shares during the period. Institutional investors and hedge funds own 56.70% of the company’s stock.

Analyst Upgrades and Downgrades

BELFB has been the subject of a number of research reports. StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Tuesday, March 12th. Northland Securities began coverage on shares of Bel Fuse in a report on Thursday, January 11th. They set an “outperform” rating and a $83.00 target price for the company. Finally, Needham & Company LLC decreased their price objective on shares of Bel Fuse from $77.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, February 23rd.

Check Out Our Latest Research Report on Bel Fuse

Bel Fuse Trading Down 0.6 %

Bel Fuse stock traded down $0.35 during midday trading on Friday, reaching $55.84. The stock had a trading volume of 137,518 shares, compared to its average volume of 124,519. The firm’s fifty day simple moving average is $62.86 and its two-hundred day simple moving average is $56.34. Bel Fuse has a twelve month low of $30.11 and a twelve month high of $74.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.45 and a quick ratio of 2.21. The firm has a market cap of $713.58 million, a price-to-earnings ratio of 9.58 and a beta of 1.43.

Bel Fuse (NASDAQ:BELFBGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.07). Bel Fuse had a return on equity of 24.87% and a net margin of 11.54%. The firm had revenue of $140.01 million during the quarter, compared to analyst estimates of $152.86 million. Equities analysts anticipate that Bel Fuse will post 4.7 EPS for the current fiscal year.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, April 12th. Bel Fuse’s dividend payout ratio (DPR) is currently 4.80%.

Bel Fuse Company Profile

(Get Free Report)

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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