Bel Fuse, Inc. (NASDAQ:BELFB) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 147,000 shares, a decline of 7.0% from the September 30th total of 158,000 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily trading volume, of 59,100 shares, the short-interest ratio is presently 2.5 days.
A number of brokerages recently weighed in on BELFB. Needham & Company LLC upped their price target on shares of Bel Fuse from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. TheStreet cut shares of Bel Fuse from a “c” rating to a “d+” rating in a research report on Wednesday, October 30th. Finally, ValuEngine raised shares of Bel Fuse from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th.
Shares of Bel Fuse stock opened at $16.23 on Monday. The company has a fifty day moving average price of $14.79 and a 200 day moving average price of $15.76. The company has a current ratio of 3.21, a quick ratio of 1.94 and a debt-to-equity ratio of 0.69. Bel Fuse has a twelve month low of $9.03 and a twelve month high of $27.77. The stock has a market cap of $197.16 million, a price-to-earnings ratio of 19.06 and a beta of 1.46.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.73%.
Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Bel Fuse by 0.8% in the 2nd quarter. BlackRock Inc. now owns 1,506,590 shares of the electronics maker’s stock worth $25,868,000 after buying an additional 11,238 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Bel Fuse by 6.8% in the 2nd quarter. Vanguard Group Inc. now owns 754,706 shares of the electronics maker’s stock worth $12,958,000 after buying an additional 47,808 shares in the last quarter. Invesco Ltd. lifted its holdings in Bel Fuse by 42.1% in the 2nd quarter. Invesco Ltd. now owns 145,510 shares of the electronics maker’s stock worth $2,498,000 after buying an additional 43,112 shares in the last quarter. River & Mercantile Asset Management LLP acquired a new position in Bel Fuse in the 2nd quarter worth $1,390,000. Finally, Wedge Capital Management L L P NC lifted its holdings in Bel Fuse by 11.2% in the 2nd quarter. Wedge Capital Management L L P NC now owns 58,336 shares of the electronics maker’s stock worth $1,002,000 after buying an additional 5,862 shares in the last quarter. 59.43% of the stock is owned by hedge funds and other institutional investors.
Bel Fuse Company Profile
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
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