Farouq Salem Ali Tuweiq Sells 33,967 Shares of Bel Fuse (NASDAQ:BELFA) Stock

Bel Fuse Inc. (NASDAQ:BELFA) CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total transaction of $7,948,278.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bel Fuse Stock Performance

Shares of Bel Fuse stock traded down $3.16 during trading on Thursday, reaching $214.00. The company’s stock had a trading volume of 76,122 shares, compared to its average volume of 57,603. The company has a quick ratio of 1.71, a current ratio of 3.02 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $183.72 and its 200-day moving average price is $145.78. Bel Fuse Inc. has a 52 week low of $53.95 and a 52 week high of $227.42. The firm has a market cap of $2.71 billion, a PE ratio of 46.02 and a beta of 1.23.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.78. Bel Fuse had a return on equity of 21.78% and a net margin of 9.11%.The business had revenue of $175.94 million for the quarter, compared to the consensus estimate of $172.01 million.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 5.16%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its holdings in Bel Fuse by 92.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 153 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Bel Fuse in the fourth quarter valued at about $61,000. Tower Research Capital LLC TRC lifted its position in shares of Bel Fuse by 447.1% during the second quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock valued at $67,000 after purchasing an additional 608 shares in the last quarter. Deutsche Bank AG purchased a new position in Bel Fuse during the fourth quarter worth about $111,000. Finally, Rhumbline Advisers boosted its holdings in Bel Fuse by 41.5% during the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock worth $188,000 after purchasing an additional 767 shares during the last quarter. Institutional investors and hedge funds own 6.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings raised Bel Fuse from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 12th. Robert W. Baird set a $250.00 price objective on Bel Fuse in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $182.50.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.