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

Bel Fuse Inc. (NASDAQ:BELFB) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 469,200 shares, a growth of 21.8% from the June 30th total of 385,200 shares. Based on an average daily trading volume, of 84,700 shares, the short-interest ratio is presently 5.5 days.

Bel Fuse Price Performance

Shares of NASDAQ BELFB traded down $2.75 during midday trading on Tuesday, reaching $71.64. The company’s stock had a trading volume of 93,046 shares, compared to its average volume of 104,944. The company has a market cap of $904.10 million, a P/E ratio of 12.00 and a beta of 1.42. Bel Fuse has a fifty-two week low of $39.13 and a fifty-two week high of $76.09. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.76 and a current ratio of 4.19. The business’s 50 day moving average price is $67.03 and its two-hundred day moving average price is $63.42.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The company had revenue of $133.21 million during the quarter, compared to the consensus estimate of $130.27 million. During the same quarter in the prior year, the firm posted $1.95 EPS. On average, analysts forecast that Bel Fuse will post 4.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Needham & Company LLC upped their price objective on Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Northland Securities lifted their price objective on shares of Bel Fuse from $63.00 to $80.00 and gave the company a “market perform” rating in a research report on Tuesday.

Institutional Investors Weigh In On Bel Fuse

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Beach Investment Counsel Inc. PA bought a new stake in shares of Bel Fuse in the second quarter worth $25,000. Comerica Bank lifted its holdings in Bel Fuse by 223.7% in the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after buying an additional 510 shares during the period. New York State Teachers Retirement System grew its holdings in Bel Fuse by 373.5% during the 1st quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker’s stock worth $57,000 after acquiring an additional 747 shares during the period. AJOVista LLC acquired a new position in shares of Bel Fuse in the 4th quarter valued at about $73,000. Finally, National Bank of Canada FI acquired a new stake in shares of Bel Fuse during the 4th quarter worth approximately $78,000. Institutional investors own 58.39% of the company’s stock.

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.