Blog

Aug 12, 2023

Bel Fuse Inc. (NASDAQ:BELFB) Short Interest Up 56.6% in April

Bel Fuse Inc. (NASDAQ:BELFB - Get Rating) was the target of a large increase in

Bel Fuse Inc. (NASDAQ:BELFB - Get Rating) was the target of a large increase in short interest in April. As of April 30th, there was short interest totalling 163,600 shares, an increase of 56.6% from the April 15th total of 104,500 shares. Based on an average daily trading volume, of 115,400 shares, the short-interest ratio is currently 1.4 days.

A number of equities analysts recently weighed in on BELFB shares. Needham & Company LLC upped their target price on shares of Bel Fuse from $38.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, February 24th. StockNews.com started coverage on shares of Bel Fuse in a research note on Thursday, March 16th. They issued a "strong-buy" rating for the company.

Shares of BELFB stock opened at $45.25 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.67 and a current ratio of 2.95. The firm's 50-day moving average is $35.92 and its 200-day moving average is $35.60. The stock has a market cap of $578.30 million, a price-to-earnings ratio of 9.09 and a beta of 1.72. Bel Fuse has a 52-week low of $14.84 and a 52-week high of $45.25.

Bel Fuse (NASDAQ:BELFB - Get Rating) last released its quarterly earnings results on Wednesday, February 22nd. The electronics maker reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.31. The firm had revenue of $169.20 million for the quarter, compared to analysts' expectations of $158.18 million. Bel Fuse had a net margin of 9.02% and a return on equity of 27.16%. Sell-side analysts predict that Bel Fuse will post 4 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Friday, July 14th will be issued a $0.07 dividend. The ex-dividend date is Thursday, July 13th. This represents a $0.28 annualized dividend and a yield of 0.62%. Bel Fuse's dividend payout ratio is currently 5.62%.

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in Bel Fuse by 17.4% in the first quarter. Bank of New York Mellon Corp now owns 104,962 shares of the electronics maker's stock valued at $3,944,000 after buying an additional 15,594 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Bel Fuse by 7.4% in the first quarter. Russell Investments Group Ltd. now owns 137,612 shares of the electronics maker's stock valued at $5,171,000 after buying an additional 9,465 shares in the last quarter. Barclays PLC boosted its position in Bel Fuse by 97.3% in the first quarter. Barclays PLC now owns 22,673 shares of the electronics maker's stock valued at $852,000 after buying an additional 11,184 shares in the last quarter. Calamos Advisors LLC boosted its position in Bel Fuse by 10.1% in the first quarter. Calamos Advisors LLC now owns 53,327 shares of the electronics maker's stock valued at $2,004,000 after buying an additional 4,904 shares in the last quarter. Finally, Investment Management of Virginia LLC boosted its position in Bel Fuse by 3.9% in the first quarter. Investment Management of Virginia LLC now owns 53,015 shares of the electronics maker's stock valued at $1,992,000 after buying an additional 1,975 shares in the last quarter. 50.27% of the stock is owned by institutional investors.

Bel Fuse, Inc engages in the design, manufacture, and marketing of products that power, protect, and connect electronic circuits. It operates through the following segments: Cinch Connectivity Solutions, Power Solutions and Protection, Magnetic Solutions, and Corporate. The company was founded by Elliot Bernstein in 1949 and is headquartered in Jersey City, NJ.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Bel Fuse, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bel Fuse wasn't on the list.

While Bel Fuse currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.