Bel Fuse Inc. (NASDAQ:BELFA) Short Interest Update

Bel Fuse Inc. (NASDAQ:BELFA) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 25,927 shares, a growth of 19.3% from the February 12th total of 21,729 shares. Based on an average trading volume of 40,313 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 40,313 shares, the days-to-cover ratio is presently 0.6 days.

Bel Fuse Price Performance

NASDAQ:BELFA opened at $180.38 on Monday. The company has a quick ratio of 1.71, a current ratio of 3.02 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average price is $192.19 and its two-hundred day moving average price is $152.41. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 38.79 and a beta of 1.19. Bel Fuse has a 12-month low of $53.95 and a 12-month high of $227.42.

Bel Fuse (NASDAQ:BELFA) last issued its earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.10 by $0.78. The company had revenue of $175.94 million during the quarter, compared to the consensus estimate of $172.01 million. Bel Fuse had a return on equity of 21.78% and a net margin of 9.11%.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $0.24 annualized dividend and a yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is currently 5.16%.

Insider Transactions at Bel Fuse

In other news, Director Peter E. Gilbert sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the sale, the director owned 15,047 shares of the company’s stock, valued at $3,592,471.25. This trade represents a 23.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total value of $7,948,278.00. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.46% of the company’s stock.

Hedge Funds Weigh In On Bel Fuse

Institutional investors and hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new stake in shares of Bel Fuse during the 2nd quarter worth about $330,000. Cynosure Group LLC boosted its holdings in shares of Bel Fuse by 23.2% during the 2nd quarter. Cynosure Group LLC now owns 5,302 shares of the scientific and technical instruments company’s stock worth $476,000 after buying an additional 1,000 shares during the period. Qube Research & Technologies Ltd acquired a new position in Bel Fuse in the 3rd quarter valued at about $286,000. Wells Fargo & Company MN raised its holdings in Bel Fuse by 44.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,883 shares of the scientific and technical instruments company’s stock valued at $286,000 after acquiring an additional 575 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Bel Fuse by 6.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock valued at $274,000 after acquiring an additional 150 shares during the period. 6.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BELFA has been the subject of several analyst reports. Robert W. Baird set a $250.00 target price on shares of Bel Fuse in a research note on Thursday, February 19th. Weiss Ratings lowered shares of Bel Fuse from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $182.50.

About Bel Fuse

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.