Short Interest in Bel Fuse Inc. (NASDAQ:BELFA) Declines By 9.5%

Bel Fuse Inc. (NASDAQ:BELFA) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 100,700 shares, a decline of 9.5% from the November 30th total of 111,300 shares. Based on an average trading volume of 11,300 shares, the days-to-cover ratio is currently 8.9 days. Approximately 6.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in Bel Fuse by 4,248.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company’s stock valued at $6,720,000 after buying an additional 66,027 shares during the last quarter. Geode Capital Management LLC increased its position in Bel Fuse by 9.0% in the 3rd 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 period. State Street Corp raised its stake in shares of 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 during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Bel Fuse during the second quarter worth $444,000. Finally, Barclays PLC grew its stake in shares of Bel Fuse by 278.9% in the third quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock worth $230,000 after purchasing an additional 1,701 shares during the last quarter. 6.01% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Price Performance

BELFA traded down $2.18 during trading on Tuesday, hitting $90.08. 30,320 shares of the stock traded hands, compared to its average volume of 12,161. The business has a 50 day moving average price of $97.68 and a 200 day moving average price of $91.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. Bel Fuse has a twelve month low of $51.00 and a twelve month high of $106.93. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 21.81 and a beta of 1.25.

Bel Fuse Dividend Announcement

The business also recently disclosed 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. This represents a $0.24 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio is 5.81%.

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.