Bel Fuse Inc. (NASDAQ:BELFA) Sees Significant Growth in Short Interest

Bel Fuse Inc. (NASDAQ:BELFA) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 150,300 shares, an increase of 5.0% from the October 15th total of 143,100 shares. Approximately 9.5% of the company’s stock are sold short. Based on an average daily trading volume, of 12,500 shares, the days-to-cover ratio is presently 12.0 days.

Bel Fuse Stock Down 1.7 %

Bel Fuse stock opened at $90.01 on Tuesday. The firm’s 50 day moving average price is $99.26 and its two-hundred day moving average price is $87.93. Bel Fuse has a twelve month low of $51.00 and a twelve month high of $106.93. The firm has a market cap of $1.13 billion, a PE ratio of 21.79 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 declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.27%. Bel Fuse’s dividend payout ratio (DPR) is 5.81%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BELFA. MetLife Investment Management LLC increased its stake in shares of 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 worth $109,000 after purchasing an additional 619 shares during the last quarter. Rhumbline Advisers increased its stake in shares of 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 worth $158,000 after purchasing an additional 1,877 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of 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 purchasing an additional 1,790 shares during the last quarter. Barclays PLC increased its stake in shares of Bel Fuse by 278.9% during the 3rd quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock worth $230,000 after purchasing an additional 1,701 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Bel Fuse during the 2nd quarter worth $444,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

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.