Daniel Bernstein Sells 3,000 Shares of Bel Fuse Inc. (BELFB) Stock
Bel Fuse Inc. (NASDAQ:BELFB) insider Daniel Bernstein sold 3,000 shares of the stock in a transaction on Monday, November 7th. The stock was sold at an average price of $25.56, for a total value of $76,680.00. Following the sale, the insider now owns 6,000 shares of the company’s stock, valued at $153,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Bel Fuse Inc. (NASDAQ:BELFB) opened at 27.35 on Thursday. The stock’s market capitalization is $326.42 million. Bel Fuse Inc. has a one year low of $13.31 and a one year high of $27.40. The company’s 50 day moving average price is $24.42 and its 200 day moving average price is $20.70.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Shareholders of record on Friday, January 13th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Wednesday, January 11th. Bel Fuse’s dividend payout ratio is presently -5.33%.
A number of hedge funds have recently added to or reduced their stakes in BELFB. JPMorgan Chase & Co. raised its stake in Bel Fuse by 595.9% in the second quarter. JPMorgan Chase & Co. now owns 315,117 shares of the company’s stock worth $5,603,000 after buying an additional 269,832 shares in the last quarter. Numeric Investors LLC acquired a new stake in Bel Fuse during the second quarter worth approximately $1,763,000. Polaris Capital Management LLC raised its stake in Bel Fuse by 479.1% in the second quarter. Polaris Capital Management LLC now owns 96,000 shares of the company’s stock worth $1,707,000 after buying an additional 79,422 shares in the last quarter. Algert Global LLC acquired a new stake in Bel Fuse during the second quarter worth approximately $858,000. Finally, Schwab Charles Investment Management Inc. raised its stake in Bel Fuse by 127.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 75,829 shares of the company’s stock worth $1,349,000 after buying an additional 42,517 shares in the last quarter. 53.17% of the stock is owned by hedge funds and other institutional investors.
Separately, TheStreet upgraded Bel Fuse from a “sell” rating to a “hold” rating in a report on Tuesday, September 13th.
About Bel Fuse
Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.
Receive News & Stock Ratings for Bel Fuse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bel Fuse Inc. and related stocks with our FREE daily email newsletter.