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

Bel Fuse Inc. (NASDAQ:BELFB) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 324,200 shares, a growth of 5.6% from the December 15th total of 307,000 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily volume of 68,500 shares, the short-interest ratio is currently 4.7 days.

Insider Buying and Selling at Bel Fuse

In other news, insider Stephen Dawson sold 1,500 shares of the company’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the transaction, the insider now directly owns 14,832 shares of the company’s stock, valued at $1,151,704.80. This represents a 9.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Joseph Francis Berry sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the sale, the vice president now directly owns 8,023 shares in the company, valued at approximately $644,246.90. This represents a 11.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.37% of the company’s stock.

Hedge Funds Weigh In On Bel Fuse

Several large investors have recently added to or reduced their stakes in BELFB. Barclays PLC grew its stake in shares of Bel Fuse by 319.5% in the 3rd quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock worth $1,257,000 after acquiring an additional 12,192 shares in the last quarter. Victory Capital Management Inc. grew its position in Bel Fuse by 26.5% in the 3rd quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker’s stock worth $3,166,000 after purchasing an additional 8,442 shares in the last quarter. Geode Capital Management LLC increased its stake 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 buying an additional 6,250 shares during the last quarter. Tectonic Advisors LLC lifted its position in shares of Bel Fuse by 80.7% during the 3rd quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker’s stock worth $1,393,000 after buying an additional 7,922 shares in the last quarter. Finally, Hodges Capital Management Inc. boosted its stake in shares of Bel Fuse by 47.7% in the 3rd quarter. Hodges Capital Management Inc. now owns 75,785 shares of the electronics maker’s stock worth $5,950,000 after buying an additional 24,490 shares during the last quarter. Institutional investors own 58.39% of the company’s stock.

Bel Fuse Stock Performance

NASDAQ BELFB opened at $79.99 on Monday. 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 company has a fifty day simple moving average of $81.05 and a 200 day simple moving average of $75.14. Bel Fuse has a 12-month low of $45.74 and a 12-month high of $92.61. The company has a market cap of $1.00 billion, a P/E ratio of 18.35, a PEG ratio of 0.91 and a beta of 1.30.

Bel Fuse Announces Dividend

The firm also recently announced 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 of this dividend is Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.35%. Bel Fuse’s dividend payout ratio is presently 6.42%.

Wall Street Analyst Weigh In

BELFB has been the topic of several research reports. Oppenheimer assumed coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price objective on the stock. Northland Securities lifted their price objective on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. StockNews.com lowered Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. Finally, Needham & Company LLC upped their price objective on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $98.33.

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.