Peter Gilbert Sells 4,500 Shares of Bel Fuse (NASDAQ:BELFA) Stock

Bel Fuse Inc. (NASDAQ:BELFA) Director Peter Gilbert sold 4,500 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total value of $1,074,375.00. Following the transaction, the director directly owned 15,047 shares in the company, valued at approximately $3,592,471.25. The trade was a 23.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Bel Fuse Stock Down 1.5%

Shares of BELFA stock opened at $214.00 on Friday. Bel Fuse Inc. has a 1-year low of $53.95 and a 1-year high of $227.42. The stock’s fifty day moving average price is $185.06 and its 200 day moving average price is $146.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.02 and a quick ratio of 1.71. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 46.02 and a beta of 1.23.

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

Bel Fuse Announces Dividend

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

Wall Street Analysts Forecast Growth

BELFA has been the subject of a number of research analyst reports. Weiss Ratings raised shares of 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 target price on Bel Fuse in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, Bel Fuse currently has an average rating of “Buy” and an average target price of $182.50.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rhumbline Advisers lifted its position 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 valued at $188,000 after purchasing an additional 767 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Bel Fuse during the 2nd quarter valued at about $330,000. Cynosure Group LLC lifted its holdings in shares of Bel Fuse by 23.2% in the 2nd quarter. Cynosure Group LLC now owns 5,302 shares of the scientific and technical instruments company’s stock valued at $476,000 after buying an additional 1,000 shares during the period. Gabelli Funds LLC lifted its holdings in shares of Bel Fuse by 0.3% in the 2nd quarter. Gabelli Funds LLC now owns 67,400 shares of the scientific and technical instruments company’s stock valued at $6,056,000 after buying an additional 200 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Bel Fuse by 447.1% in the second quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after buying an additional 608 shares during the last quarter. Hedge funds and other institutional investors own 6.01% of the company’s stock.

About Bel Fuse

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.