Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 324,200 shares, a growth of 5.6% from the December 15th total of 307,000 shares. Based on an average daily volume of 68,500 shares, the short-interest ratio is presently 4.7 days. Approximately 3.2% of the shares of the stock are sold short.
Insider Buying and Selling at Bel Fuse
In other news, VP Joseph Francis Berry sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the transaction, the vice president now owns 8,023 shares of the company's stock, valued at $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stephen Dawson sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the transaction, the insider now directly owns 14,832 shares of the company's stock, valued at approximately $1,151,704.80. This represents a 9.18 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.37% of the company's stock.
Institutional Trading of Bel Fuse
A number of institutional investors and hedge funds have recently modified their holdings of BELFB. nVerses Capital LLC acquired a new stake in shares of Bel Fuse during the third quarter worth $39,000. BNP Paribas Financial Markets raised its holdings in shares of Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker's stock worth $172,000 after purchasing an additional 200 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Bel Fuse during the third quarter worth $200,000. One Wealth Advisors LLC acquired a new stake in shares of Bel Fuse during the third quarter worth $227,000. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Bel Fuse during the third quarter worth $288,000. 58.39% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts recently commented on BELFB shares. Oppenheimer started coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They set an "outperform" rating and a $105.00 price target for the company. Northland Securities upped their price target on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 1st. Needham & Company LLC upped their price target on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, November 18th. Finally, StockNews.com lowered shares of Bel Fuse from a "strong-buy" rating to a "buy" rating in a research report on Saturday, November 2nd. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $98.33.
Get Our Latest Report on BELFB
Bel Fuse Stock Up 0.3 %
Shares of BELFB stock traded up $0.27 on Friday, hitting $79.99. The stock had a trading volume of 55,633 shares, compared to its average volume of 62,979. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 0.91 and a beta of 1.30. The stock's 50 day moving average is $81.05 and its 200-day moving average is $75.08. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. Bel Fuse has a 52-week low of $45.74 and a 52-week high of $92.61.
Bel Fuse Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.35%. Bel Fuse's dividend payout ratio (DPR) is 6.42%.
Bel Fuse Company Profile
(
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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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