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 the month of 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. Based on an average daily trading volume, of 13,500 shares, the short-interest ratio is presently 9.4 days. Approximately 8.1% of the shares of the company are sold short.

Bel Fuse Stock Performance

BELFA traded up $0.76 during trading on Friday, hitting $96.66. 4,560 shares of the stock were exchanged, compared to its average volume of 12,422. The firm has a market capitalization of $1.21 billion, a P/E 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. The stock has a fifty day moving average price of $99.79 and a two-hundred day moving average price of $89.18. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16.

Bel Fuse Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings 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 purchasing an additional 2,778 shares during the period. State Street Corp boosted its stake 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 buying an additional 2,876 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Bel Fuse in the second quarter valued at approximately $444,000. Barclays PLC boosted its stake 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 buying an additional 1,701 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake 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 buying an additional 1,790 shares in the last quarter. Institutional investors and hedge funds own 6.01% of the company’s stock.

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.