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

Bel Fuse Inc. (NASDAQ:BELFA) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 127,500 shares, a decrease of 15.2% from the October 31st total of 150,300 shares. Approximately 8.1% of the shares of the company are sold short. Based on an average daily volume of 13,500 shares, the short-interest ratio is currently 9.4 days.

Hedge Funds Weigh In On Bel Fuse

Hedge funds have recently modified their holdings of the company. MetLife Investment Management LLC raised its stake in Bel Fuse by 129.2% during 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 purchasing an additional 619 shares during the period. Rhumbline Advisers grew its holdings in Bel Fuse by 2,346.3% during the 2nd quarter. Rhumbline Advisers now owns 1,957 shares of the scientific and technical instruments company’s stock valued at $158,000 after buying an additional 1,877 shares in the last quarter. BNP Paribas Financial Markets raised its position 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 buying an additional 1,790 shares during the last quarter. Barclays PLC lifted its holdings 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 buying an additional 1,701 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Bel Fuse during the second quarter worth $444,000. 6.01% of the stock is currently owned by institutional investors.

Bel Fuse Stock Performance

BELFA traded up $2.12 during midday trading on Monday, reaching $98.78. The company had a trading volume of 4,404 shares, compared to its average volume of 12,387. The business has a 50-day moving average of $99.79 and a two-hundred day moving average of $89.40. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. Bel Fuse has a 1 year low of $51.00 and a 1 year high of $106.93. The company has a market cap of $1.24 billion, a P/E ratio of 23.56 and a beta of 1.28.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date is Wednesday, January 15th. Bel Fuse’s payout ratio is 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.