Bel Fuse Inc. (NASDAQ:BELFB) Sees Large Decline in Short Interest

Bel Fuse Inc. (NASDAQ:BELFB) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 311,000 shares, a decrease of 8.2% from the September 15th total of 338,800 shares. Based on an average daily trading volume, of 71,000 shares, the short-interest ratio is presently 4.4 days. Currently, 3.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Bel Fuse

A number of large investors have recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in shares of Bel Fuse in the third quarter valued at about $39,000. One Wealth Advisors LLC acquired a new stake in Bel Fuse in the 3rd quarter worth about $227,000. Creative Planning boosted its holdings in Bel Fuse by 56.3% in the 3rd quarter. Creative Planning now owns 8,240 shares of the electronics maker’s stock valued at $647,000 after purchasing an additional 2,968 shares during the period. Inspire Investing LLC acquired a new position in shares of Bel Fuse during the 3rd quarter worth approximately $833,000. Finally, SG Americas Securities LLC acquired a new stake in Bel Fuse during the third quarter worth approximately $200,000. Institutional investors own 58.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Northland Securities lifted their target price on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Northland Capmk raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th. Finally, Needham & Company LLC boosted their price target on Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, July 26th.

Bel Fuse Stock Down 0.4 %

Bel Fuse stock opened at $84.66 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.19 and a quick ratio of 2.76. The company’s 50-day moving average is $71.93 and its 200-day moving average is $67.00. The firm has a market capitalization of $1.07 billion, a PE ratio of 14.25 and a beta of 1.34. Bel Fuse has a fifty-two week low of $39.13 and a fifty-two week high of $85.91.

Bel Fuse (NASDAQ:BELFB) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 EPS for the quarter, topping the consensus estimate of $0.92 by $0.58. The company had revenue of $133.21 million during the quarter, compared to the consensus estimate of $130.27 million. Bel Fuse had a return on equity of 20.97% and a net margin of 11.81%. During the same period in the previous year, the company posted $1.95 EPS. Sell-side analysts anticipate that Bel Fuse will post 4.52 earnings per share for the current year.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.28 annualized dividend and a yield of 0.33%. Bel Fuse’s dividend payout ratio (DPR) is presently 4.71%.

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.