Short Interest in Bel Fuse Inc. (NASDAQ:BELFA) Declines By 15.2%

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

Bel Fuse Price Performance

BELFA traded up $0.76 during trading on Friday, reaching $96.66. 4,560 shares of the stock were exchanged, compared to its average volume of 12,422. The business’s 50 day moving average price is $99.79 and its two-hundred day moving average price is $89.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 23.40 and a beta of 1.28. Bel Fuse has a 1 year low of $51.00 and a 1 year high of $106.93.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.25%. Bel Fuse’s dividend payout ratio is currently 5.81%.

Institutional Trading of Bel Fuse

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its position 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 valued at $230,000 after acquiring an additional 1,701 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Bel Fuse by 9.0% in the third 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 in the last quarter. State Street Corp lifted its position in shares of Bel Fuse by 12.9% in 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 in the last quarter. MetLife Investment Management LLC lifted its position in shares of 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 in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Bel Fuse by 632.5% in 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 acquiring an additional 1,790 shares in the last quarter. 6.01% of the stock is currently owned by hedge funds and other institutional investors.

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.