Bel Fuse (NASDAQ:BELFA) Director Vincent Vellucci Sells 393 Shares of Stock

Bel Fuse Inc. (NASDAQ:BELFA) Director Vincent Vellucci sold 393 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $243.61, for a total value of $95,738.73. Following the completion of the sale, the director owned 8,434 shares in the company, valued at $2,054,606.74. This trade represents a 4.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bel Fuse Stock Up 0.4%

Shares of NASDAQ BELFA opened at $202.42 on Friday. The firm has a market capitalization of $2.92 billion, a P/E ratio of 51.77 and a beta of 1.39. The stock’s 50-day simple moving average is $227.13 and its two-hundred day simple moving average is $226.31. Bel Fuse Inc. has a twelve month low of $110.67 and a twelve month high of $293.51.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.42. Bel Fuse had a return on equity of 20.55% and a net margin of 7.21%.The firm had revenue of $210.69 million for the quarter, compared to analysts’ expectations of $206.39 million.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 6.14%.

Hedge Funds Weigh In On Bel Fuse

A number of hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its holdings in shares of Bel Fuse by 92.2% during the third quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 153 shares during the period. PNC Financial Services Group Inc. increased its holdings in Bel Fuse by 6,000.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock valued at $55,000 after purchasing an additional 300 shares during the period. Sunbelt Securities Inc. purchased a new position in Bel Fuse during the 4th quarter valued at about $61,000. Tower Research Capital LLC TRC raised its position in Bel Fuse by 447.1% during the 2nd 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 during the last quarter. Finally, Deutsche Bank AG bought a new position in Bel Fuse during the 4th quarter valued at approximately $111,000. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Wall Street Analyst Weigh In

BELFA has been the subject of a number of research reports. Citigroup assumed coverage on shares of Bel Fuse in a research note on Monday, July 13th. They issued a “buy” rating for the company. Weiss Ratings cut shares of Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $250.00.

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.