Bel Fuse Inc. (NASDAQ:BELFA) Sees Large Drop in Short Interest

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

Hedge Funds Weigh In On Bel Fuse

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in shares of Bel Fuse by 514.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,033 shares of the scientific and technical instruments company’s stock worth $29,000 after buying an additional 865 shares during the last quarter. Morgan Stanley boosted its stake in shares of Bel Fuse by 40.6% in the 4th quarter. Morgan Stanley now owns 1,784 shares of the scientific and technical instruments company’s stock worth $56,000 after buying an additional 515 shares during the last quarter. UBS Group AG purchased a new position in shares of Bel Fuse in the 1st quarter worth approximately $134,000. Geode Capital Management LLC purchased a new position in shares of Bel Fuse in the 2nd quarter worth approximately $202,000. Finally, Citadel Advisors LLC purchased a new position in shares of Bel Fuse in the 2nd quarter worth approximately $204,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

Bel Fuse Stock Performance

BELFA stock opened at $69.45 on Wednesday. The stock has a 50-day moving average price of $69.12 and a 200-day moving average price of $60.93. Bel Fuse has a 1-year low of $33.04 and a 1-year high of $78.77. The company has a current ratio of 3.45, a quick ratio of 2.21 and a debt-to-equity ratio of 0.18. The firm has a market cap of $886.18 million, a PE ratio of 12.56 and a beta of 1.41.

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

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Monday, April 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.35%. Bel Fuse’s dividend payout ratio (DPR) is currently 4.34%.

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.