Short Interest in Bel Fuse Inc. (NASDAQ:BELFB) Increases By 21.8%

Bel Fuse Inc. (NASDAQ:BELFB) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 469,200 shares, an increase of 21.8% from the June 30th total of 385,200 shares. Based on an average daily volume of 84,700 shares, the days-to-cover ratio is presently 5.5 days.

Analyst Upgrades and Downgrades

BELFB has been the topic of a number of analyst reports. StockNews.com cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Needham & Company LLC lifted their target price on shares of Bel Fuse from $68.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Northland Securities cut shares of Bel Fuse from an “outperform” rating to a “market perform” rating and set a $63.00 target price on the stock. in a research report on Thursday, May 2nd.

Bel Fuse Trading Down 0.9 %

Shares of BELFB stock traded down $0.66 during mid-day trading on Monday, reaching $74.39. The stock had a trading volume of 94,287 shares, compared to its average volume of 105,027. The stock’s 50-day moving average price is $66.87 and its two-hundred day moving average price is $63.33. Bel Fuse has a 52-week low of $39.13 and a 52-week high of $76.09. The firm has a market capitalization of $938.80 million, a PE ratio of 12.71 and a beta of 1.42. The company has a current ratio of 4.19, a quick ratio of 2.76 and a debt-to-equity ratio of 0.17.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings data on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.58. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. The firm had revenue of $133.21 million for the quarter, compared to analysts’ expectations of $130.27 million. During the same quarter in the previous year, the company earned $1.95 earnings per share. Equities analysts expect that Bel Fuse will post 4.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bel Fuse

Hedge funds have recently modified their holdings of the company. Beach Investment Counsel Inc. PA bought a new stake in Bel Fuse during the second quarter worth about $25,000. Comerica Bank boosted its stake in Bel Fuse by 223.7% during the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after acquiring an additional 510 shares in the last quarter. New York State Teachers Retirement System boosted its stake in Bel Fuse by 373.5% during the first quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker’s stock worth $57,000 after acquiring an additional 747 shares in the last quarter. AJOVista LLC bought a new stake in Bel Fuse during the fourth quarter worth about $73,000. Finally, National Bank of Canada FI bought a new stake in Bel Fuse during the fourth quarter worth about $78,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.