Kenneth Koon Keung Lai Sells 564 Shares of Bel Fuse (NASDAQ:BELFB) Stock

Bel Fuse Inc. (NASDAQ:BELFB) VP Kenneth Koon Keung Lai sold 564 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $141.96, for a total value of $80,065.44. Following the transaction, the vice president owned 7,755 shares of the company’s stock, valued at approximately $1,100,899.80. This represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Kenneth Koon Keung Lai also recently made the following trade(s):

• On Monday, November 17th, Kenneth Koon Keung Lai sold 1,936 shares of Bel Fuse stock. The shares were sold at an average price of $144.23, for a total value of $279,229.28.

Bel Fuse Trading Down 7.3%

Shares of BELFB stock opened at $134.36 on Friday. Bel Fuse Inc. has a 1 year low of $57.99 and a 1 year high of $167.04. The firm has a market capitalization of $1.70 billion, a PE ratio of 25.84, a price-to-earnings-growth ratio of 1.86 and a beta of 1.59. The stock has a fifty day moving average of $147.87 and a two-hundred day moving average of $119.30. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.05.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given 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%.

Analyst Ratings Changes

BELFB has been the subject of several research reports. Needham & Company LLC raised their target price on Bel Fuse from $130.00 to $168.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Wall Street Zen raised shares of Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Oppenheimer set a $180.00 price objective on shares of Bel Fuse and gave the company an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bel Fuse in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $164.20.

Institutional Trading of Bel Fuse

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Bel Fuse by 1.4% during the first quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker’s stock valued at $68,654,000 after acquiring an additional 12,808 shares during the period. Herald Investment Management Ltd grew its position in Bel Fuse by 25.0% during the 1st quarter. Herald Investment Management Ltd now owns 30,000 shares of the electronics maker’s stock worth $2,239,000 after purchasing an additional 6,000 shares in the last quarter. Koss Olinger Consulting LLC acquired a new stake in Bel Fuse during the 1st quarter valued at $639,000. Nuveen LLC purchased a new stake in shares of Bel Fuse in the first quarter valued at $2,069,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Bel Fuse by 31.8% in the first quarter. Russell Investments Group Ltd. now owns 50,886 shares of the electronics maker’s stock worth $3,809,000 after buying an additional 12,269 shares during the period. 58.39% of the stock is owned by hedge funds and other institutional investors.

About Bel Fuse

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.