Bel Fuse (NASDAQ:BELFB) VP Kenneth Koon Keung Lai Sells 1,936 Shares

Bel Fuse Inc. (NASDAQ:BELFB) VP Kenneth Koon Keung Lai sold 1,936 shares of Bel Fuse stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $144.23, for a total transaction of $279,229.28. Following the completion of the sale, the vice president directly owned 8,319 shares of the company’s stock, valued at $1,199,849.37. The trade was a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, November 18th, Kenneth Koon Keung Lai sold 564 shares of Bel Fuse stock. The shares were sold at an average price of $141.96, for a total value of $80,065.44.

Bel Fuse Trading Up 4.1%

Shares of Bel Fuse stock opened at $149.95 on Thursday. Bel Fuse Inc. has a fifty-two week low of $57.99 and a fifty-two week high of $167.04. The business’s fifty day moving average is $148.15 and its two-hundred day moving average is $119.20. The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.90 billion, a PE ratio of 27.91, a P/E/G ratio of 1.86 and a beta of 1.59.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Shareholders 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 annualized dividend and a yield of 0.2%. Bel Fuse’s payout ratio is 5.38%.

Institutional Trading of Bel Fuse

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

Analysts Set New Price Targets

BELFB has been the topic of several recent analyst reports. Needham & Company LLC increased their price objective on shares of Bel Fuse from $130.00 to $168.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Wall Street Zen upgraded shares of Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Robert W. Baird set a $170.00 price objective on Bel Fuse in a report on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Bel Fuse in a research report on Wednesday, October 8th. Finally, Oppenheimer set a $180.00 price objective on Bel Fuse and gave the stock an “outperform” rating in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company’s stock. According to MarketBeat.com, Bel Fuse currently 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.