Bel Fuse Inc. (NASDAQ:BELFB – Get Free Report) Director Vincent Vellucci sold 393 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $243.61, for a total transaction of $95,738.73. Following the completion of the transaction, the director owned 8,434 shares in the company, valued at approximately $2,054,606.74. The trade was a 4.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Bel Fuse Trading Up 1.2%
NASDAQ:BELFB traded up $3.00 on Friday, reaching $242.88. 76,732 shares of the stock traded hands, compared to its average volume of 231,467. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 58.61, a PEG ratio of 2.55 and a beta of 1.71. Bel Fuse Inc. has a 12 month low of $129.94 and a 12 month high of $335.29. The company’s fifty day simple moving average is $273.11 and its 200 day simple moving average is $257.00.
Bel Fuse Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is 6.76%.
Analysts Set New Price Targets
View Our Latest Analysis on BELFB
Institutional Trading of Bel Fuse
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BELFB. Corient Private Wealth LP bought a new position in Bel Fuse in the 2nd quarter worth $545,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Bel Fuse in the 2nd quarter worth approximately $1,249,000. California State Teachers Retirement System boosted its position in shares of Bel Fuse by 32,929.3% during the second quarter. California State Teachers Retirement System now owns 4,365,488 shares of the electronics maker’s stock worth $1,453,882,000 after acquiring an additional 4,352,271 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new position in shares of Bel Fuse during the second quarter worth $464,000. Finally, AXQ Capital LP purchased a new position in Bel Fuse during the second quarter valued at $231,000. 58.39% of the stock is owned by hedge funds and other institutional investors.
About Bel Fuse
Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.
Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.
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