Bel Fuse Inc. (BELFA) VP Dennis Ackerman Sells 2,500 Shares of Stock
Bel Fuse Inc. (NASDAQ:BELFA) VP Dennis Ackerman sold 2,500 shares of Bel Fuse stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $24.63, for a total value of $61,575.00. Following the sale, the vice president now owns 12,500 shares of the company’s stock, valued at $307,875. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Bel Fuse Inc. (NASDAQ BELFA) opened at $22.15 on Tuesday. The company has a quick ratio of 1.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $263.14, a PE ratio of 17.09 and a beta of 0.89. Bel Fuse Inc. has a fifty-two week low of $18.80 and a fifty-two week high of $29.90.
Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings data on Friday, November 3rd. The scientific and technical instruments company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.12). The firm had revenue of $126.39 million during the quarter. Bel Fuse had a net margin of 2.50% and a return on equity of 9.80%.
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Separately, TheStreet upgraded Bel Fuse from a “c” rating to a “b-” rating in a research report on Friday, August 4th.
A hedge fund recently raised its stake in Bel Fuse stock. Russell Investments Group Ltd. lifted its position in Bel Fuse Inc. (NASDAQ:BELFA) by 211.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,817 shares of the scientific and technical instruments company’s stock after acquiring an additional 14,816 shares during the quarter. Russell Investments Group Ltd. owned 0.18% of Bel Fuse worth $581,000 as of its most recent SEC filing. Institutional investors and hedge funds own 7.98% of the company’s stock.
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.
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