Bel Fuse Inc. (NASDAQ:BELFA) Short Interest Update

Bel Fuse Inc. (NASDAQ:BELFA) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 88,700 shares, a decrease of 11.9% from the December 15th total of 100,700 shares. Approximately 5.6% of the shares of the company are short sold. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is currently 8.1 days.

Institutional Trading of Bel Fuse

A number of hedge funds have recently bought and sold shares of BELFA. MetLife Investment Management LLC raised its holdings in Bel Fuse by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company’s stock valued at $109,000 after acquiring an additional 619 shares during the last quarter. Rhumbline Advisers raised its holdings in Bel Fuse by 2,346.3% in the 2nd quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock valued at $158,000 after acquiring an additional 1,877 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Bel Fuse by 632.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock worth $206,000 after buying an additional 1,790 shares during the last quarter. Barclays PLC increased its holdings in shares of Bel Fuse by 278.9% during the 3rd quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock worth $230,000 after buying an additional 1,701 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Bel Fuse during the 2nd quarter worth approximately $444,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

Bel Fuse Price Performance

Shares of BELFA stock traded up $4.36 during mid-day trading on Friday, hitting $89.39. 8,746 shares of the stock were exchanged, compared to its average volume of 8,787. The firm has a fifty day moving average of $93.59 and a 200 day moving average of $92.36. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. Bel Fuse has a 52-week low of $51.00 and a 52-week high of $106.93. The company has a market cap of $1.12 billion, a PE ratio of 21.64 and a beta of 1.25.

Bel Fuse Announces Dividend

The business 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 $0.06 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.27%. Bel Fuse’s dividend payout ratio (DPR) is presently 5.81%.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.