Kenneth Koon Keung Lai Sells 564 Shares of Bel Fuse (NASDAQ:BELFB) Stock

Bel Fuse Inc. (NASDAQ:BELFB) VP Kenneth Koon Keung Lai sold 564 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total value of $80,065.44. Following the transaction, the vice president owned 7,755 shares of the company’s stock, valued at approximately $1,100,899.80. The trade was a 6.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Kenneth Koon Keung Lai also recently made the following trade(s):

• On Monday, November 17th, Kenneth Koon Keung Lai sold 1,936 shares of Bel Fuse stock. The stock was sold at an average price of $144.23, for a total value of $279,229.28.

Bel Fuse Price Performance

BELFB stock traded up $0.82 during trading on Wednesday, hitting $144.89. 182,418 shares of the company’s stock traded hands, compared to its average volume of 125,985. Bel Fuse Inc. has a 52 week low of $57.99 and a 52 week high of $167.04. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 27.86, a P/E/G ratio of 1.86 and a beta of 1.59. The business has a fifty day simple moving average of $148.15 and a 200 day simple moving average of $119.20. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.05.

Bel Fuse Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a $0.07 dividend. The ex-dividend date is Thursday, January 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.2%. Bel Fuse’s payout ratio is 5.38%.

Hedge Funds Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently bought and sold shares of BELFB. CWM LLC grew its stake in shares of Bel Fuse by 147.1% during the first quarter. CWM LLC now owns 383 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 228 shares during the last quarter. Jones Financial Companies Lllp raised its position in Bel Fuse by 139.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock worth $37,000 after buying an additional 151 shares during the last quarter. Federated Hermes Inc. lifted its stake in Bel Fuse by 52.5% during the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock valued at $47,000 after acquiring an additional 115 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Bel Fuse in the 2nd quarter valued at $50,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Bel Fuse in the third quarter worth $78,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BELFB. Wall Street Zen upgraded Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bel Fuse in a research report on Wednesday, October 8th. Northland Securities set a $188.00 target price on shares of Bel Fuse in a report on Friday, October 31st. Zacks Research upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Finally, Oppenheimer set a $180.00 price objective on shares of Bel Fuse and gave the stock an “outperform” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $164.20.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.