Bel Fuse, Inc. (NASDAQ:BELFB) was the recipient of a significant growth in short interest in the month of November. As of November 29th, there was short interest totalling 156,800 shares, a growth of 12.2% from the November 14th total of 139,800 shares. Based on an average daily volume of 61,000 shares, the short-interest ratio is presently 2.6 days. Currently, 1.6% of the company’s stock are sold short.
Shares of NASDAQ BELFB traded down $0.10 during trading on Friday, hitting $19.46. 82,450 shares of the company traded hands, compared to its average volume of 63,890. The business’s fifty day moving average is $16.31 and its 200 day moving average is $15.14. Bel Fuse has a fifty-two week low of $9.03 and a fifty-two week high of $27.77. The firm has a market capitalization of $234.76 million, a price-to-earnings ratio of 22.77 and a beta of 1.51. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.94 and a current ratio of 3.21.
Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.22. Bel Fuse had a net margin of 0.31% and a return on equity of 5.83%. The company had revenue of $124.48 million for the quarter.
Several equities analysts have recently weighed in on the stock. TheStreet lowered shares of Bel Fuse from a “c” rating to a “d+” rating in a report on Wednesday, October 30th. Needham & Company LLC upped their price objective on shares of Bel Fuse from $17.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, November 12th.
Several institutional investors and hedge funds have recently bought and sold shares of BELFB. Metropolitan Life Insurance Co NY acquired a new stake in shares of Bel Fuse in the 1st quarter worth about $84,000. Strs Ohio raised its holdings in shares of Bel Fuse by 7.3% in the 2nd quarter. Strs Ohio now owns 24,900 shares of the electronics maker’s stock worth $427,000 after acquiring an additional 1,700 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Bel Fuse by 123.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,600 shares of the electronics maker’s stock worth $114,000 after acquiring an additional 3,650 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of 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 acquiring an additional 5,862 shares during the last quarter. Finally, Alambic Investment Management L.P. raised its holdings in shares of Bel Fuse by 15.4% in the 2nd quarter. Alambic Investment Management L.P. now owns 10,925 shares of the electronics maker’s stock worth $188,000 after acquiring an additional 1,459 shares during the last quarter. Institutional investors own 61.34% of the company’s stock.
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, 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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