Bel Fuse Inc. (NASDAQ:BELFB) insider Daniel Bernstein sold 3,000 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $24.61, for a total value of $73,830.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bel Fuse Inc. (NASDAQ:BELFB) traded down $0.10 on Thursday, reaching $25.60. The company had a trading volume of 18,200 shares, compared to its average volume of 32,289. The firm has a market capitalization of $309.22, a PE ratio of 19.62 and a beta of 0.83. Bel Fuse Inc. has a 52-week low of $21.65 and a 52-week high of $33.60. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.59.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Monday, January 15th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.28 dividend on an annualized basis and a yield of 1.09%. Bel Fuse’s payout ratio is 28.57%.

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Separately, BidaskClub cut Bel Fuse from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BELFB. Ameriprise Financial Inc. boosted its position in Bel Fuse by 6.4% during the first quarter. Ameriprise Financial Inc. now owns 46,075 shares of the electronics maker’s stock valued at $1,177,000 after purchasing an additional 2,785 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Bel Fuse by 36.3% during the first quarter. OppenheimerFunds Inc. now owns 14,888 shares of the electronics maker’s stock valued at $381,000 after purchasing an additional 3,968 shares during the last quarter. Principal Financial Group Inc. boosted its position in Bel Fuse by 3.6% during the first quarter. Principal Financial Group Inc. now owns 66,016 shares of the electronics maker’s stock valued at $1,687,000 after purchasing an additional 2,321 shares during the last quarter. FMR LLC boosted its position in Bel Fuse by 48.6% during the first quarter. FMR LLC now owns 55,000 shares of the electronics maker’s stock valued at $1,405,000 after purchasing an additional 18,000 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Bel Fuse by 5.9% during the first quarter. Vanguard Group Inc. now owns 446,013 shares of the electronics maker’s stock valued at $11,396,000 after purchasing an additional 24,686 shares during the last quarter. 59.30% of the stock is owned by hedge funds and other institutional investors.

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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