Bel Fuse Inc. (NASDAQ:BELFA) Sees Large Decrease in Short Interest

Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) was the target of a significant drop in short interest in 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. Based on an average daily trading volume, of 11,300 shares, the days-to-cover ratio is presently 8.9 days. Currently, 6.4% of the shares of the company are sold short.

Bel Fuse Price Performance

Shares of BELFA stock traded down $2.18 during trading hours on Tuesday, hitting $90.08. The company had a trading volume of 30,623 shares, compared to its average volume of 12,162. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 21.81 and a beta of 1.25. Bel Fuse has a 12 month low of $51.00 and a 12 month high of $106.93. The firm's fifty day moving average is $97.68 and its 200 day moving average is $91.87.

Bel Fuse Announces Dividend

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

Institutional Investors Weigh In On Bel Fuse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Management LLC increased its stake in shares of 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 buying an additional 619 shares during the period. Rhumbline Advisers increased 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 purchasing an additional 1,877 shares during the period. BNP Paribas Financial Markets raised its holdings in 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. Barclays PLC lifted its position in Bel Fuse by 278.9% during the 3rd 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 period. Finally, Bank of New York Mellon Corp bought a new position in shares of Bel Fuse in the 2nd quarter valued at 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.