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

Bel Fuse Inc. (NASDAQ:BELFAGet Free Report) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 70,100 shares, a growth of 8.3% from the May 15th total of 64,700 shares. Approximately 4.4% of the shares of the stock are sold short. Based on an average trading volume of 10,100 shares, the days-to-cover ratio is presently 6.9 days.

Bel Fuse Trading Up 1.6 %

NASDAQ BELFA traded up $1.36 during trading hours on Monday, reaching $84.06. The company’s stock had a trading volume of 9,889 shares, compared to its average volume of 8,743. The firm has a fifty day simple moving average of $75.18 and a 200-day simple moving average of $69.27. The stock has a market cap of $1.06 billion, a P/E ratio of 14.93 and a beta of 1.35. Bel Fuse has a 52 week low of $38.82 and a 52 week high of $85.91. The company has a debt-to-equity ratio of 0.17, a current ratio of 4.21 and a quick ratio of 2.70.

Bel Fuse (NASDAQ:BELFAGet Free Report) last released its earnings results on Thursday, April 25th. The scientific and technical instruments company reported $1.19 earnings per share for the quarter. The business had revenue of $128.09 million during the quarter. Bel Fuse had a net margin of 12.62% and a return on equity of 24.29%.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Monday, July 15th. Bel Fuse’s dividend payout ratio (DPR) is 4.26%.

Institutional Trading of Bel Fuse

A hedge fund recently raised its stake in Bel Fuse stock. Janney Montgomery Scott LLC boosted its holdings in Bel Fuse Inc. (NASDAQ:BELFAFree Report) by 8.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,123 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,063 shares during the quarter. Janney Montgomery Scott LLC owned about 0.10% of Bel Fuse worth $929,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.01% of the company’s stock.

About Bel Fuse

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Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.

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