Short Interest in Bel Fuse Inc. (NASDAQ:BELFA) Decreases By 5.0%

Bel Fuse Inc. (NASDAQ:BELFA) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 58,700 shares, a decrease of 5.0% from the March 15th total of 61,800 shares. Approximately 3.7% of the company’s stock are sold short. Based on an average daily trading volume, of 7,900 shares, the short-interest ratio is currently 7.4 days.

Bel Fuse Price Performance

Shares of NASDAQ BELFA opened at $69.51 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.21 and a current ratio of 3.45. The firm’s 50-day simple moving average is $69.10 and its 200 day simple moving average is $60.99. The stock has a market cap of $886.95 million, a price-to-earnings ratio of 12.57 and a beta of 1.41. Bel Fuse has a fifty-two week low of $33.04 and a fifty-two week high of $78.77.

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

Bel Fuse Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Friday, April 12th. Bel Fuse’s dividend payout ratio is presently 4.34%.

Hedge Funds Weigh In On Bel Fuse

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG increased its stake in Bel Fuse by 7.9% in the 3rd quarter. UBS Group AG now owns 3,803 shares of the scientific and technical instruments company’s stock worth $177,000 after acquiring an additional 278 shares during the last quarter. Morgan Stanley raised its holdings in Bel Fuse by 40.6% during the 4th 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. Renaissance Technologies LLC increased its position in shares of Bel Fuse by 2.5% in the second quarter. Renaissance Technologies LLC now owns 24,400 shares of the scientific and technical instruments company’s stock valued at $525,000 after acquiring an additional 600 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Bel Fuse by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 97,522 shares of the scientific and technical instruments company’s stock worth $3,247,000 after purchasing an additional 816 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake 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 worth $29,000 after purchasing an additional 865 shares during the last quarter. 6.01% of the stock is owned by hedge funds and other institutional investors.

About Bel Fuse

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.