Bel Fuse Inc. (NASDAQ:BELFA) Short Interest Down 11.9% in December

Bel Fuse Inc. (NASDAQ:BELFA) was the recipient of 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 company’s shares are short sold. Based on an average trading volume of 11,000 shares, the short-interest ratio is currently 8.1 days.

Bel Fuse Trading Up 5.1 %

NASDAQ BELFA traded up $4.36 on Friday, reaching $89.39. The stock had a trading volume of 8,746 shares, compared to its average volume of 8,787. 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 stock has a fifty day moving average price of $93.59 and a two-hundred day moving average price of $92.36. Bel Fuse has a 12-month low of $51.00 and a 12-month high of $106.93. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 21.64 and a beta of 1.25.

Bel Fuse Announces Dividend

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

Institutional Investors Weigh In On Bel Fuse

Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new stake in Bel Fuse during the 2nd quarter worth about $444,000. Rhumbline Advisers increased its stake in shares of Bel Fuse by 2,346.3% during the second quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock worth $158,000 after buying an additional 1,877 shares during the period. BNP Paribas Financial Markets raised its holdings in Bel Fuse by 632.5% in 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 acquiring an additional 1,790 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Bel Fuse by 129.2% in the third quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company’s stock worth $109,000 after acquiring an additional 619 shares during the last quarter. Finally, State Street Corp grew its holdings in Bel Fuse by 12.9% during the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock worth $2,498,000 after acquiring an additional 2,876 shares in the last quarter. 6.01% of the stock is currently owned by institutional investors and hedge funds.

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.