Bel Fuse (NASDAQ:BELFB) VP Sells $16,893.24 in Stock

Bel Fuse Inc. (NASDAQ:BELFB) VP Joseph Berry sold 119 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total transaction of $16,893.24. Following the completion of the sale, the vice president owned 17,774 shares in the company, valued at $2,523,197.04. This represents a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Joseph Berry also recently made the following trade(s):

• On Monday, November 17th, Joseph Berry sold 408 shares of Bel Fuse stock. The shares were sold at an average price of $144.23, for a total transaction of $58,845.84.

Bel Fuse Stock Up 4.9%

Shares of NASDAQ:BELFB opened at $140.95 on Friday. The company has a 50 day moving average price of $147.86 and a two-hundred day moving average price of $119.80. The company has a market capitalization of $1.78 billion, a PE ratio of 27.11, a PEG ratio of 1.86 and a beta of 1.59. Bel Fuse Inc. has a 52 week low of $57.99 and a 52 week high of $167.04. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Thursday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 5.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BELFB. CWM LLC increased its stake in Bel Fuse by 147.1% in the 1st quarter. CWM LLC now owns 383 shares of the electronics maker’s stock valued at $29,000 after buying an additional 228 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Bel Fuse by 139.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 151 shares in the last quarter. Federated Hermes Inc. increased its position 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 valued at $47,000 after acquiring an additional 115 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Bel Fuse during the second quarter worth about $50,000. Finally, State of Alaska Department of Revenue acquired a new position in Bel Fuse during the third quarter valued at approximately $78,000. Institutional investors own 58.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Oppenheimer set a $180.00 price target on Bel Fuse and gave the stock an “outperform” rating in a report on Friday, October 31st. Zacks Research raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Northland Securities set a $188.00 target price on shares of Bel Fuse in a report on Friday, October 31st. Robert W. Baird set a $170.00 price target on shares of Bel Fuse in a research note on Friday, October 31st. Finally, Wall Street Zen raised shares of Bel Fuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Two equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $164.20.

About Bel Fuse

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.