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

Bel Fuse Inc. (NASDAQ:BELFA) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 100,700 shares, a drop of 9.5% from the November 30th total of 111,300 shares. Currently, 6.4% of the company’s shares are short sold. Based on an average daily trading volume, of 11,300 shares, the days-to-cover ratio is currently 8.9 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Bel Fuse by 4,248.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company’s stock valued at $6,720,000 after purchasing an additional 66,027 shares in the last quarter. Barclays PLC increased its position in shares of Bel Fuse by 278.9% during the third quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock worth $230,000 after acquiring an additional 1,701 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Bel Fuse by 9.0% during the third quarter. Geode Capital Management LLC now owns 33,694 shares of the scientific and technical instruments company’s stock worth $3,351,000 after acquiring an additional 2,778 shares in the last quarter. State Street Corp raised its holdings in shares of Bel Fuse by 12.9% in the 3rd quarter. State Street Corp now owns 25,125 shares of the scientific and technical instruments company’s stock worth $2,498,000 after acquiring an additional 2,876 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in Bel Fuse by 129.2% in the 3rd quarter. MetLife Investment Management LLC now owns 1,098 shares of the scientific and technical instruments company’s stock valued at $109,000 after acquiring an additional 619 shares in the last quarter. 6.01% of the stock is owned by institutional investors and hedge funds.

Bel Fuse Stock Down 2.4 %

NASDAQ:BELFA traded down $2.18 during trading hours on Wednesday, reaching $90.08. The company had a trading volume of 30,623 shares, compared to its average volume of 12,162. Bel Fuse has a twelve month low of $51.00 and a twelve month high of $106.93. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 21.81 and a beta of 1.25. The business’s 50-day simple moving average is $97.41 and its two-hundred day simple moving average is $91.92.

Bel Fuse Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date is Wednesday, January 15th. Bel Fuse’s payout ratio is 5.81%.

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.