Bel Fuse Inc. (NASDAQ:BELFA) Short Interest Down 9.5% in December

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

Bel Fuse Stock Performance

Bel Fuse stock traded down $1.67 during mid-day trading on Tuesday, hitting $90.59. 29,218 shares of the company’s stock traded hands, compared to its average volume of 12,156. 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 one year low of $51.00 and a one year high of $106.93. The firm has a 50 day moving average price of $97.68 and a 200 day moving average price of $91.87. The company has a market cap of $1.14 billion, a PE ratio of 21.93 and a beta of 1.25.

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 paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio is currently 5.81%.

Institutional Investors Weigh In On Bel Fuse

Several institutional investors have recently bought and sold shares of the stock. MetLife Investment Management LLC boosted its stake in 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 valued at $109,000 after purchasing an additional 619 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Bel Fuse by 2,346.3% in the second quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock valued at $158,000 after buying an additional 1,877 shares during the period. BNP Paribas Financial Markets boosted its stake in Bel Fuse by 632.5% during the third quarter. BNP Paribas Financial Markets now owns 2,073 shares of the scientific and technical instruments company’s stock valued at $206,000 after buying an additional 1,790 shares in the last quarter. Barclays PLC grew 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 worth $230,000 after acquiring an additional 1,701 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Bel Fuse during the second quarter worth about $444,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

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.