Insider Selling: Bel Fuse Inc. (NASDAQ:BELFB) VP Sells 1,000 Shares of Stock

Bel Fuse Inc. (NASDAQ:BELFB) VP Joseph Francis Berry sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the transaction, the vice president now directly owns 8,023 shares of the company’s stock, valued at $644,246.90. This trade represents a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bel Fuse Trading Down 1.3 %

Shares of BELFB traded down $1.05 during midday trading on Tuesday, hitting $79.70. The stock had a trading volume of 67,098 shares, compared to its average volume of 90,953. Bel Fuse Inc. has a fifty-two week low of $45.74 and a fifty-two week high of $85.91. The business has a 50-day simple moving average of $78.80 and a two-hundred day simple moving average of $70.64. 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 cap of $999.84 million, a P/E ratio of 18.52 and a beta of 1.35.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.07 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.35%. Bel Fuse’s dividend payout ratio (DPR) is presently 6.42%.

Analyst Upgrades and Downgrades

BELFB has been the subject of several research analyst reports. StockNews.com downgraded shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Needham & Company LLC upped their price target on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Northland Securities increased their price objective on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Finally, Northland Capmk raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th.

Hedge Funds Weigh In On Bel Fuse

Large investors have recently made changes to their positions in the business. Tectonic Advisors LLC increased its stake in Bel Fuse by 80.7% in the 3rd quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker’s stock valued at $1,393,000 after buying an additional 7,922 shares during the period. Victory Capital Management Inc. raised its holdings in Bel Fuse by 26.5% during the third quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker’s stock valued at $3,166,000 after buying an additional 8,442 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in Bel Fuse by 168.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 36,680 shares of the electronics maker’s stock worth $2,880,000 after purchasing an additional 22,995 shares during the last quarter. Roubaix Capital LLC boosted its holdings in shares of Bel Fuse by 16.4% during the 3rd quarter. Roubaix Capital LLC now owns 64,399 shares of the electronics maker’s stock worth $5,056,000 after buying an additional 9,069 shares during the period. Finally, Creative Planning boosted its holdings in Bel Fuse by 56.3% during the third quarter. Creative Planning now owns 8,240 shares of the electronics maker’s stock valued at $647,000 after acquiring an additional 2,968 shares during the period. Institutional investors and hedge funds own 58.39% 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.