Suzanne Kozlovsky Sells 194 Shares of Bel Fuse Inc. (NASDAQ:BELFB) Stock

Bel Fuse Inc. (NASDAQ:BELFB) insider Suzanne Kozlovsky sold 194 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $75.91, for a total transaction of $14,726.54. Following the sale, the insider now directly owns 12,060 shares of the company’s stock, valued at approximately $915,474.60. This represents a 1.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bel Fuse Trading Up 3.9 %

Bel Fuse stock opened at $77.08 on Thursday. The company has a 50 day moving average price of $80.53 and a 200 day moving average price of $79.34. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. Bel Fuse Inc. has a 52 week low of $53.74 and a 52 week high of $92.61. The firm has a market capitalization of $966.51 million, a price-to-earnings ratio of 23.57, a P/E/G ratio of 1.24 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). The business had revenue of $149.86 million for the quarter, compared to analysts’ expectations of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. During the same quarter in the prior year, the firm posted $1.29 EPS. Research analysts forecast that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is 8.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BELFB shares. Needham & Company LLC increased their price objective on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Oppenheimer initiated coverage on Bel Fuse in a research report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 target price on the stock. Finally, StockNews.com lowered Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $100.00.

Institutional Trading of Bel Fuse

Several institutional investors have recently made changes to their positions in BELFB. KLP Kapitalforvaltning AS purchased a new stake in Bel Fuse in the 4th quarter worth approximately $148,000. BNP Paribas Financial Markets boosted its position in Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 200 shares during the last quarter. ProShare Advisors LLC purchased a new position in Bel Fuse in the fourth quarter valued at about $240,000. Integrated Quantitative Investments LLC acquired a new position in Bel Fuse in the 4th quarter worth about $298,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Bel Fuse during the 3rd quarter worth about $288,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

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.