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

Bel Fuse Inc. (NASDAQ:BELFB) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 324,200 shares, an increase of 5.6% from the December 15th total of 307,000 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average trading volume of 68,500 shares, the short-interest ratio is presently 4.7 days.

Insider Buying and Selling

In other Bel Fuse news, insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the transaction, the insider now owns 14,832 shares of the company’s stock, valued at approximately $1,151,704.80. This trade represents a 9.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Joseph Francis Berry sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the transaction, the vice president now directly owns 8,023 shares in the company, valued at approximately $644,246.90. The trade was a 11.08 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.37% of the company’s stock.

Institutional Trading of Bel Fuse

A number of hedge funds have recently made changes to their positions in the stock. nVerses Capital LLC bought a new position in Bel Fuse during the third quarter valued at approximately $39,000. BNP Paribas Financial Markets raised its position in Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after acquiring an additional 200 shares in the last quarter. SG Americas Securities LLC bought a new position in Bel Fuse during the third quarter valued at approximately $200,000. One Wealth Advisors LLC bought a new position in Bel Fuse during the third quarter valued at approximately $227,000. Finally, Kovitz Investment Group Partners LLC bought a new position in Bel Fuse during the third quarter valued at approximately $288,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Stock Up 0.3 %

Shares of NASDAQ BELFB traded up $0.27 during mid-day trading on Friday, reaching $79.99. The company had a trading volume of 55,633 shares, compared to its average volume of 62,979. The stock has a fifty day moving average of $81.05 and a two-hundred day moving average of $75.08. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 0.91 and a beta of 1.30. Bel Fuse has a 12-month low of $45.74 and a 12-month high of $92.61.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Wednesday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is 6.42%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Northland Securities raised their target price on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. StockNews.com cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Oppenheimer assumed coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 target price for the company. Finally, Needham & Company LLC raised their target price on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, November 18th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Bel Fuse currently has an average rating of “Buy” and a consensus target price of $98.33.

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.