Short Interest in Bel Fuse Inc. (NASDAQ:BELFB) Decreases By 5.0%

Bel Fuse Inc. (NASDAQ:BELFB) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 355,500 shares, a decline of 5.0% from the August 15th total of 374,300 shares. Based on an average daily volume of 69,000 shares, the short-interest ratio is presently 5.2 days. Approximately 3.5% of the company’s shares are sold short.

Analyst Ratings Changes

A number of analysts recently weighed in on BELFB shares. Northland Securities upgraded shares of Bel Fuse from a “market perform” rating to an “outperform” rating and set a $80.00 price target on the stock in a research report on Thursday, September 5th. Needham & Company LLC increased their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. Finally, StockNews.com upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

Institutional Investors Weigh In On Bel Fuse

Institutional investors have recently bought and sold shares of the company. Beach Investment Counsel Inc. PA bought a new position in shares of Bel Fuse in the 2nd quarter valued at about $25,000. Comerica Bank boosted its position in Bel Fuse by 223.7% during the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after purchasing an additional 510 shares during the last quarter. New York State Teachers Retirement System boosted its position in Bel Fuse by 373.5% during the first quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker’s stock valued at $57,000 after purchasing an additional 747 shares during the last quarter. Creekmur Asset Management LLC bought a new position in Bel Fuse in the fourth quarter valued at approximately $143,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Bel Fuse during the 1st quarter worth approximately $173,000. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Up 16.5 %

Bel Fuse stock opened at $80.93 on Friday. Bel Fuse has a twelve month low of $39.13 and a twelve month high of $81.15. The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. The company has a 50 day moving average of $66.99 and a 200-day moving average of $63.73. The stock has a market capitalization of $1.02 billion, a PE ratio of 13.62 and a beta of 1.34.

Bel Fuse (NASDAQ:BELFB) last released its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.58. Bel Fuse had a return on equity of 20.97% and a net margin of 11.81%. The firm had revenue of $133.21 million during the quarter, compared to analysts’ expectations of $130.27 million. During the same quarter in the prior year, the company earned $1.95 EPS. On average, equities research analysts anticipate that Bel Fuse will post 4.52 EPS for the current fiscal year.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, October 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.35%. Bel Fuse’s payout ratio 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.