Dennis Ackerman Sells 2,500 Shares of Bel Fuse, Inc. (BELFB) Stock
Bel Fuse, Inc. (NASDAQ:BELFB) VP Dennis Ackerman sold 2,500 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $25.44, for a total transaction of $63,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ:BELFB opened at $25.73 on Friday. The company has a market capitalization of $305.92 million, a P/E ratio of 21.40 and a beta of 0.90. The company has a quick ratio of 1.76, a current ratio of 2.89 and a debt-to-equity ratio of 0.65. Bel Fuse, Inc. has a one year low of $17.10 and a one year high of $29.40.
Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Thursday, November 1st. The electronics maker reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.18. The business had revenue of $146.49 million during the quarter. Bel Fuse had a negative net margin of 0.78% and a positive return on equity of 8.59%.
A number of large investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new position in shares of Bel Fuse during the third quarter valued at $113,000. Cim Investment Mangement Inc. bought a new position in shares of Bel Fuse during the third quarter valued at $250,000. Schwab Charles Investment Management Inc. raised its stake in shares of Bel Fuse by 35.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 23,795 shares of the electronics maker’s stock valued at $498,000 after acquiring an additional 6,195 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Bel Fuse by 17.4% during the first quarter. California Public Employees Retirement System now owns 26,648 shares of the electronics maker’s stock valued at $504,000 after acquiring an additional 3,948 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Bel Fuse by 21.7% during the first quarter. Millennium Management LLC now owns 87,300 shares of the electronics maker’s stock valued at $1,650,000 after acquiring an additional 15,560 shares during the last quarter. 62.35% of the stock is owned by institutional investors and hedge funds.
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Bel Fuse Company Profile
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
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