Short Interest in Bel Fuse Inc. (NASDAQ:BELFA) Declines By 9.5%

Bel Fuse Inc. (NASDAQ:BELFA) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 100,700 shares, a decline of 9.5% from the November 30th total of 111,300 shares. Based on an average trading volume of 11,300 shares, the days-to-cover ratio is currently 8.9 days. Currently, 6.4% of the company’s stock are short sold.

Bel Fuse Stock Down 2.4 %

BELFA traded down $2.18 during trading on Tuesday, hitting $90.08. 30,320 shares of the company’s stock were exchanged, compared to its average volume of 12,161. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $97.68 and its two-hundred day moving average is $91.87. The stock has a market cap of $1.13 billion, a P/E ratio of 21.81 and a beta of 1.25. Bel Fuse has a fifty-two week low of $51.00 and a fifty-two week high of $106.93.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 5.81%.

Hedge Funds Weigh In On Bel Fuse

A number of hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in Bel Fuse during the second quarter worth about $444,000. Rhumbline Advisers grew its stake 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 acquiring an additional 1,877 shares during the period. BNP Paribas Financial Markets increased its holdings in Bel Fuse by 632.5% in 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 acquiring an additional 1,790 shares during the last quarter. MetLife Investment Management LLC raised its stake 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 period. Finally, Barclays PLC lifted its holdings in Bel Fuse by 278.9% during the third quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock valued at $230,000 after purchasing an additional 1,701 shares during the last quarter. 6.01% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Company Profile

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.