Short Interest in Bel Fuse Inc. (NASDAQ:BELFA) Decreases By 15.0%

Bel Fuse Inc. (NASDAQ:BELFA) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totalling 33,500 shares, a decline of 15.0% from the March 15th total of 39,400 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average trading volume of 8,000 shares, the short-interest ratio is presently 4.2 days.

Hedge Funds Weigh In On Bel Fuse

Several hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of Bel Fuse by 67.6% in the fourth quarter. JPMorgan Chase & Co. now owns 113,291 shares of the scientific and technical instruments company’s stock valued at $10,205,000 after purchasing an additional 45,710 shares during the last quarter. Renaissance Technologies LLC increased its position in Bel Fuse by 3.1% during the fourth quarter. Renaissance Technologies LLC now owns 43,253 shares of the scientific and technical instruments company’s stock worth $3,896,000 after buying an additional 1,300 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Bel Fuse by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 36,861 shares of the scientific and technical instruments company’s stock worth $3,321,000 after acquiring an additional 3,167 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Bel Fuse by 58.1% in the fourth quarter. American Century Companies Inc. now owns 30,019 shares of the scientific and technical instruments company’s stock valued at $2,704,000 after acquiring an additional 11,031 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Bel Fuse by 12.9% during the third quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock valued at $2,498,000 after acquiring an additional 2,876 shares during the last quarter. 6.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum set a $115.00 price target on shares of Bel Fuse and gave the stock a “buy” rating in a report on Tuesday, March 25th.

Bel Fuse Stock Up 2.3 %

Bel Fuse stock opened at $66.21 on Monday. The stock’s 50 day moving average price is $74.30 and its 200 day moving average price is $87.43. The company has a market cap of $830.21 million, a PE ratio of 21.43 and a beta of 0.99. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. Bel Fuse has a 1-year low of $53.95 and a 1-year high of $106.93.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.44. Bel Fuse had a net margin of 7.66% and a return on equity of 18.61%. The business had revenue of $149.86 million for the quarter, compared to analysts’ expectations of $126.41 million.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is 7.77%.

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.