Bel Fuse Inc. (NASDAQ:BELFA) Sees Large Drop in Short Interest

Bel Fuse Inc. (NASDAQ:BELFA) saw a large decrease in short interest in the month of 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. Currently, 8.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,500 shares, the short-interest ratio is presently 9.4 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new stake in shares of Bel Fuse during the second quarter valued at approximately $444,000. State Street Corp grew its stake in 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 in the last quarter. Geode Capital Management LLC increased its holdings 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 last quarter. Rhumbline Advisers increased its holdings 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 valued at $158,000 after acquiring an additional 1,877 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Bel Fuse by 632.5% in 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 purchasing an additional 1,790 shares in the last quarter. 6.01% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Trading Up 0.8 %

Shares of BELFA stock opened at $96.66 on Friday. The stock has a fifty day simple moving average of $99.79 and a two-hundred day simple moving average of $89.30. Bel Fuse has a 52-week low of $51.00 and a 52-week high of $106.93. The firm has a market capitalization of $1.21 billion, a PE ratio of 23.40 and a beta of 1.28. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.25%. The ex-dividend date is Wednesday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 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.