Bel Fuse Inc. (NASDAQ:BELFA) Short Interest Down 11.9% in December

Bel Fuse Inc. (NASDAQ:BELFA) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 88,700 shares, a drop of 11.9% from the December 15th total of 100,700 shares. Based on an average trading volume of 11,000 shares, the days-to-cover ratio is currently 8.1 days. Currently, 5.6% of the shares of the company are sold short.

Bel Fuse Stock Performance

Bel Fuse stock traded up $4.36 on Friday, reaching $89.39. 8,746 shares of the stock were exchanged, compared to its average volume of 8,787. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. Bel Fuse has a twelve month low of $51.00 and a twelve month high of $106.93. The firm has a fifty day moving average price of $93.59 and a two-hundred day moving average price of $92.29. The stock has a market cap of $1.12 billion, a PE ratio of 21.64 and a beta of 1.25.

Bel Fuse Announces Dividend

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 dividend of $0.06 per share. 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 dividend payout ratio (DPR) is presently 5.81%.

Hedge Funds Weigh In On Bel Fuse

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Bel Fuse by 4,248.8% in the third quarter. JPMorgan Chase & Co. now owns 67,581 shares of the scientific and technical instruments company’s stock worth $6,720,000 after purchasing an additional 66,027 shares during the period. Geode Capital Management LLC raised its stake in shares of 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 buying an additional 2,778 shares in the last quarter. State Street Corp lifted its holdings in shares of Bel Fuse by 12.9% during 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 period. Bank of New York Mellon Corp acquired a new stake in shares of Bel Fuse during the 2nd quarter valued at about $444,000. Finally, Barclays PLC increased its stake in 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 acquiring an additional 1,701 shares during the period. 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.