Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 150,300 shares, an increase of 5.0% from the October 15th total of 143,100 shares. Currently, 9.5% of the shares of the stock are sold short. Based on an average daily volume of 12,500 shares, the short-interest ratio is currently 12.0 days.
Bel Fuse Stock Down 0.7 %
Shares of Bel Fuse stock traded down $0.64 during midday trading on Monday, hitting $90.96. The company's stock had a trading volume of 1,654 shares, compared to its average volume of 12,447. The firm has a market capitalization of $1.14 billion, a P/E ratio of 22.18 and a beta of 1.28. Bel Fuse has a 1-year low of $51.00 and a 1-year high of $106.93. 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 50-day simple moving average of $99.15 and a 200-day simple moving average of $87.79.
Bel Fuse Dividend Announcement
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 $0.06 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.24 annualized dividend and a yield of 0.26%. Bel Fuse's dividend payout ratio is presently 5.81%.
Institutional Investors Weigh In On Bel Fuse
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new stake in shares of Bel Fuse during the 2nd quarter valued at about $444,000. State Street Corp raised its position in Bel Fuse by 12.9% during the third quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company's stock valued at $2,498,000 after acquiring an additional 2,876 shares in the last quarter. Geode Capital Management LLC lifted its stake in Bel Fuse by 9.0% in the third quarter. Geode Capital Management LLC now owns 33,694 shares of the scientific and technical instruments company's stock valued at $3,351,000 after acquiring an additional 2,778 shares during the last quarter. Rhumbline Advisers grew its position in 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 worth $158,000 after acquiring an additional 1,877 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake 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 last quarter. Hedge funds and other institutional investors own 6.01% of the company's stock.
About Bel Fuse
(
Get Free Report)
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.
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