Bel Fuse Inc. (NASDAQ:BELFA – Get Rating) saw a significant decrease in short interest in September. As of September 15th, there was short interest totalling 52,900 shares, a decrease of 15.4% from the August 31st total of 62,500 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average trading volume of 3,000 shares, the short-interest ratio is presently 17.6 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Bel Fuse stock. Renaissance Technologies LLC grew its stake in shares of Bel Fuse Inc. (NASDAQ:BELFA – Get Rating) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,400 shares of the scientific and technical instruments company’s stock after acquiring an additional 600 shares during the period. Renaissance Technologies LLC owned about 0.19% of Bel Fuse worth $525,000 at the end of the most recent quarter. Institutional investors and hedge funds own 5.67% of the company’s stock.
Bel Fuse Price Performance
BELFA opened at $27.95 on Friday. The company has a fifty day simple moving average of $29.08 and a 200 day simple moving average of $24.35. The firm has a market cap of $348.96 million, a price-to-earnings ratio of 10.24 and a beta of 1.63. Bel Fuse has a twelve month low of $13.14 and a twelve month high of $32.46. The company has a current ratio of 2.80, a quick ratio of 1.56 and a debt-to-equity ratio of 0.50.
Bel Fuse (NASDAQ:BELFA – Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The scientific and technical instruments company reported $1.30 earnings per share for the quarter. The business had revenue of $170.57 million during the quarter. Bel Fuse had a net margin of 5.96% and a return on equity of 17.35%.
Bel Fuse Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Shareholders of record on Friday, October 14th will be issued a dividend of $0.07 per share. This is a positive change from Bel Fuse’s previous quarterly dividend of $0.06. This represents a $0.28 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, October 13th. Bel Fuse’s dividend payout ratio (DPR) is currently 8.79%.
Wall Street Analyst Weigh In
Separately, TheStreet raised shares of Bel Fuse from a “c” rating to a “b” rating in a report on Tuesday, August 23rd.
About Bel Fuse
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, e-Mobility and broadcasting, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally.
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Read More: Short Interest in Bel Fuse Inc. (NASDAQ:BELFA) Declines By 15.4%