Bel Fuse Inc. (NASDAQ:BELFA) Short Interest Update

Bel Fuse Inc. (NASDAQ:BELFA) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 150,300 shares, a growth of 5.0% from the October 15th total of 143,100 shares. Based on an average daily volume of 12,500 shares, the short-interest ratio is currently 12.0 days. Currently, 9.5% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. MetLife Investment Management LLC grew its position 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 valued at $109,000 after acquiring an additional 619 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 valued at $158,000 after acquiring an additional 1,877 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of 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 purchasing an additional 1,790 shares in the last quarter. Barclays PLC boosted its stake in shares of 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 valued at $230,000 after purchasing an additional 1,701 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Bel Fuse during the second quarter valued at about $444,000. Institutional investors own 6.01% of the company’s stock.

Bel Fuse Stock Performance

Bel Fuse stock opened at $91.60 on Monday. Bel Fuse has a 12-month low of $51.00 and a 12-month 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 business’s 50-day moving average price is $99.15 and its two-hundred day moving average price is $87.79. The stock has a market cap of $1.15 billion, a PE ratio of 22.18 and a beta of 1.28.

Bel Fuse Dividend Announcement

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

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.