Bel Fuse Inc. (NASDAQ:BELFA) Short Interest Down 11.9% in December

Bel Fuse Inc. (NASDAQ:BELFA) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 88,700 shares, a decrease of 11.9% from the December 15th total of 100,700 shares. Currently, 5.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,000 shares, the days-to-cover ratio is presently 8.1 days.

Institutional Investors Weigh In On Bel Fuse

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Management LLC lifted its position in shares of Bel Fuse by 129.2% during the third quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company’s stock worth $109,000 after purchasing an additional 619 shares in the last quarter. Rhumbline Advisers raised its position in Bel Fuse by 2,346.3% in the 2nd 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 last quarter. BNP Paribas Financial Markets lifted 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 buying an additional 1,790 shares in the last quarter. Barclays PLC boosted its position in Bel Fuse by 278.9% in the 3rd quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock valued at $230,000 after buying an additional 1,701 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in Bel Fuse in the 2nd quarter valued at $444,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

Bel Fuse Price Performance

NASDAQ BELFA traded up $4.36 during trading hours on Friday, reaching $89.39. 8,746 shares of the company’s stock were exchanged, compared to its average volume of 8,787. The firm has a fifty day moving average of $93.59 and a 200-day moving average of $92.29. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. Bel Fuse has a one year low of $51.00 and a one year high of $106.93. The stock has a market cap of $1.12 billion, a PE ratio of 21.64 and a beta of 1.25.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.27%. 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.