Bel Fuse Inc. (NASDAQ:BELFB) VP Dennis Ackerman sold 2,500 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $25.53, for a total transaction of $63,825.00. Following the transaction, the vice president now directly owns 5,000 shares of the company’s stock, valued at approximately $127,650. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Bel Fuse Inc. (NASDAQ:BELFB) opened at 27.65 on Friday. The firm’s market cap is $330.00 million. The stock has a 50 day moving average of $24.53 and a 200 day moving average of $20.75. Bel Fuse Inc. has a 12 month low of $13.31 and a 12 month high of $27.90.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Friday, January 13th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Wednesday, January 11th. Bel Fuse’s payout ratio is -5.33%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC boosted its position in shares of Bel Fuse by 61.7% in the third quarter. Acrospire Investment Management LLC now owns 10,568 shares of the company’s stock valued at $255,000 after buying an additional 4,034 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Bel Fuse by 1.3% in the third quarter. Principal Financial Group Inc. now owns 62,868 shares of the company’s stock valued at $1,518,000 after buying an additional 813 shares during the last quarter. Northern Trust Corp boosted its position in shares of Bel Fuse by 5.1% in the third quarter. Northern Trust Corp now owns 136,730 shares of the company’s stock valued at $3,301,000 after buying an additional 6,693 shares during the last quarter. Emerald Acquisition Ltd. boosted its position in shares of Bel Fuse by 45.1% in the third quarter. Emerald Acquisition Ltd. now owns 23,487 shares of the company’s stock valued at $567,000 after buying an additional 7,300 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Bel Fuse by 1.0% in the third quarter. California State Teachers Retirement System now owns 19,614 shares of the company’s stock valued at $473,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.

Separately, TheStreet upgraded shares of Bel Fuse from a “sell” rating to a “hold” rating in a research report on Tuesday, September 13th.

Bel Fuse Company Profile

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.

5 Day Chart for NASDAQ:BELFB

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