Bel Fuse Inc. (NASDAQ:BELFB) Short Interest Update

Bel Fuse Inc. (NASDAQ:BELFB) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 294,400 shares, a drop of 8.9% from the October 15th total of 323,300 shares. Currently, 2.9% of the company’s stock are sold short. Based on an average daily volume of 68,300 shares, the short-interest ratio is presently 4.3 days.

Institutional Trading of Bel Fuse

Several hedge funds have recently bought and sold shares of BELFB. Geode Capital Management LLC increased its position in Bel Fuse by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock valued at $22,716,000 after acquiring an additional 6,250 shares during the period. Barclays PLC raised its stake in shares of Bel Fuse by 319.5% during the third quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock valued at $1,257,000 after purchasing an additional 12,192 shares in the last quarter. Hodges Capital Management Inc. lifted its holdings in Bel Fuse by 47.7% in the third quarter. Hodges Capital Management Inc. now owns 75,785 shares of the electronics maker’s stock worth $5,950,000 after purchasing an additional 24,490 shares during the period. Dean Investment Associates LLC lifted its holdings in Bel Fuse by 49.6% in the third quarter. Dean Investment Associates LLC now owns 47,034 shares of the electronics maker’s stock worth $3,693,000 after purchasing an additional 15,588 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new position in Bel Fuse in the 3rd quarter valued at about $288,000. 58.39% of the stock is currently owned by institutional investors.

Bel Fuse Stock Performance

NASDAQ BELFB traded down $1.61 during trading hours on Friday, hitting $74.56. The company had a trading volume of 53,201 shares, compared to its average volume of 77,708. 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 $935.67 million, a P/E ratio of 17.10 and a beta of 1.35. Bel Fuse has a fifty-two week low of $45.74 and a fifty-two week high of $85.91. The business has a fifty day simple moving average of $77.64 and a 200-day simple moving average of $69.87.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.38%. Bel Fuse’s dividend payout ratio (DPR) is presently 6.42%.

Analysts Set New Price Targets

BELFB has been the subject of a number of research analyst reports. Needham & Company LLC boosted their price target on Bel Fuse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 26th. Northland Securities increased their target price on shares of Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. StockNews.com lowered shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Finally, Northland Capmk upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th.

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.