Short Interest in Bel Fuse Inc. (NASDAQ:BELFA) Drops By 11.9%

Bel Fuse Inc. (NASDAQ:BELFA) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 88,700 shares, a drop of 11.9% from the December 15th total of 100,700 shares. Currently, 5.6% of the company’s shares are short sold. Based on an average daily trading volume, of 11,000 shares, the short-interest ratio is presently 8.1 days.

Bel Fuse Trading Up 5.1 %

Shares of NASDAQ:BELFA traded up $4.36 during mid-day trading on Friday, reaching $89.39. 8,746 shares of the company were exchanged, compared to its average volume of 8,787. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 21.64 and a beta of 1.25. The firm’s 50-day simple moving average is $93.59 and its 200 day simple moving average is $92.36. Bel Fuse has a 1 year low of $51.00 and a 1 year high of $106.93.

Bel Fuse Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.27%. Bel Fuse’s payout ratio is currently 5.81%.

Hedge Funds Weigh In On Bel Fuse

A number of hedge funds have recently made changes to their positions in BELFA. MetLife Investment Management LLC boosted its position in shares of Bel Fuse by 129.2% during the 3rd quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company’s stock worth $109,000 after purchasing an additional 619 shares during the period. Rhumbline Advisers boosted its position in shares of Bel Fuse by 2,346.3% during the 2nd quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock worth $158,000 after purchasing an additional 1,877 shares during the period. BNP Paribas Financial Markets boosted its position 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 purchasing an additional 1,790 shares during the period. Barclays PLC boosted its position 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 purchasing an additional 1,701 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in Bel Fuse in the 2nd quarter valued at approximately $444,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

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.