Blog

May 09, 2023

Short Interest in Bel Fuse Inc. (NASDAQ:BELFA) Drops By 52.7%

Bel Fuse Inc. (NASDAQ:BELFA - Get Rating) saw a significant drop in short

Bel Fuse Inc. (NASDAQ:BELFA - Get Rating) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 15,100 shares, a drop of 52.7% from the April 30th total of 31,900 shares. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is currently 4.0 days. Currently, 1.0% of the company's shares are short sold.

Shares of BELFA opened at $44.52 on Friday. Bel Fuse has a one year low of $20.94 and a one year high of $45.95. The company has a 50-day moving average of $38.35 and a two-hundred day moving average of $36.68. The stock has a market cap of $568.52 million, a price-to-earnings ratio of 9.43 and a beta of 1.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.95 and a quick ratio of 1.67.

Bel Fuse (NASDAQ:BELFA - Get Rating) last announced its earnings results on Wednesday, February 22nd. The scientific and technical instruments company reported $1.27 EPS for the quarter. Bel Fuse had a net margin of 9.02% and a return on equity of 28.35%. The company had revenue of $169.20 million during the quarter.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Friday, July 14th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Thursday, July 13th. Bel Fuse's payout ratio is 5.08%.

Several institutional investors have recently made changes to their positions in BELFA. Tower Research Capital LLC TRC boosted its holdings in shares of Bel Fuse by 514.9% during the third quarter. Tower Research Capital LLC TRC now owns 1,033 shares of the scientific and technical instruments company's stock worth $29,000 after purchasing an additional 865 shares during the period. Morgan Stanley lifted its stake in Bel Fuse by 40.6% in the fourth quarter. Morgan Stanley now owns 1,784 shares of the scientific and technical instruments company's stock valued at $56,000 after acquiring an additional 515 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in Bel Fuse in the first quarter valued at approximately $101,000. UBS Group AG acquired a new stake in Bel Fuse in the first quarter valued at approximately $134,000. Finally, Horizon Kinetics Asset Management LLC acquired a new stake in Bel Fuse in the third quarter valued at approximately $215,000. 5.64% of the stock is currently owned by institutional investors and hedge funds.

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 "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.

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.