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

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

Institutional Trading of Bel Fuse

Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new stake in Bel Fuse in the 2nd quarter valued at $444,000. Rhumbline Advisers boosted 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 purchasing an additional 1,877 shares during the period. Geode Capital Management LLC boosted 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 purchasing an additional 2,778 shares during the period. Barclays PLC boosted its holdings in Bel Fuse by 278.9% in the 3rd quarter. Barclays PLC now owns 2,311 shares of the scientific and technical instruments company’s stock valued at $230,000 after purchasing an additional 1,701 shares during the period. Finally, State Street Corp boosted its holdings in 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 valued at $2,498,000 after purchasing an additional 2,876 shares during the period. 6.01% of the stock is owned by institutional investors.

Bel Fuse Stock Performance

NASDAQ:BELFA opened at $90.01 on Tuesday. Bel Fuse has a 1 year low of $51.00 and a 1 year high of $106.93. The firm’s fifty day simple moving average is $99.26 and its 200 day simple moving average is $87.93. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.13 billion, a PE ratio of 21.79 and a beta of 1.28.

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 paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.27%. Bel Fuse’s payout ratio is presently 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.