Bel Fuse (NASDAQ:BELFB) VP Sells $58,845.84 in Stock

Bel Fuse Inc. (NASDAQ:BELFB) VP Joseph Berry sold 408 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $144.23, for a total transaction of $58,845.84. Following the completion of the transaction, the vice president owned 17,893 shares in the company, valued at approximately $2,580,707.39. This trade represents a 2.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Joseph Berry also recently made the following trade(s):

• On Tuesday, November 18th, Joseph Berry sold 119 shares of Bel Fuse stock. The stock was sold at an average price of $141.96, for a total transaction of $16,893.24.

Bel Fuse Trading Up 0.6%

Shares of NASDAQ:BELFB traded up $0.82 during trading on Wednesday, reaching $144.89. The stock had a trading volume of 182,418 shares, compared to its average volume of 125,985. The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.83 billion, a P/E ratio of 27.86, a PEG ratio of 1.86 and a beta of 1.59. The business has a fifty day moving average price of $148.15 and a 200-day moving average price of $119.20. Bel Fuse Inc. has a fifty-two week low of $57.99 and a fifty-two week high of $167.04.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.2%. Bel Fuse’s dividend payout ratio (DPR) is 5.38%.

Institutional Trading of Bel Fuse

A number of institutional investors have recently modified their holdings of BELFB. Vanguard Group Inc. grew its stake in Bel Fuse by 1.4% during the first quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker’s stock worth $68,654,000 after buying an additional 12,808 shares during the period. American Century Companies Inc. lifted its holdings in shares of Bel Fuse by 1.5% during the 1st quarter. American Century Companies Inc. now owns 357,131 shares of the electronics maker’s stock valued at $26,735,000 after acquiring an additional 5,376 shares in the last quarter. Bessemer Group Inc. boosted its position in Bel Fuse by 28.3% during the 2nd quarter. Bessemer Group Inc. now owns 325,800 shares of the electronics maker’s stock worth $31,827,000 after purchasing an additional 71,895 shares during the period. Geode Capital Management LLC boosted its position in Bel Fuse by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 321,922 shares of the electronics maker’s stock worth $31,451,000 after purchasing an additional 8,243 shares during the period. Finally, Wasatch Advisors LP increased its holdings in Bel Fuse by 33.6% in the 2nd quarter. Wasatch Advisors LP now owns 284,014 shares of the electronics maker’s stock valued at $27,745,000 after purchasing an additional 71,390 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Wall Street Analyst Weigh In

BELFB has been the subject of several analyst reports. Zacks Research upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Northland Securities set a $188.00 price target on Bel Fuse in a report on Friday, October 31st. Oppenheimer set a $180.00 price objective on shares of Bel Fuse and gave the company an “outperform” rating in a research note on Friday, October 31st. Robert W. Baird set a $170.00 price objective on shares of Bel Fuse in a report on Friday, October 31st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Bel Fuse in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating and six have issued a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $164.20.

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.