Insider Selling: Bel Fuse (NASDAQ:BELFB) Director Sells 1,000 Shares

Bel Fuse Inc. (NASDAQ:BELFB) Director Vincent Vellucci sold 1,000 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $235.15, for a total transaction of $235,150.00. Following the completion of the sale, the director owned 7,434 shares of the company’s stock, valued at approximately $1,748,105.10. The trade was a 11.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Vincent Vellucci also recently made the following trade(s):

• On Wednesday, September 2nd, Vincent Vellucci sold 393 shares of Bel Fuse stock. The stock was sold at an average price of $243.61, for a total value of $95,738.73.

Bel Fuse Stock Performance

Shares of Bel Fuse stock traded up $1.55 on Tuesday, reaching $231.94. The stock had a trading volume of 143,711 shares, compared to its average volume of 228,471. The stock has a market cap of $3.35 billion, a P/E ratio of 56.02, a price-to-earnings-growth ratio of 2.70 and a beta of 1.71. Bel Fuse Inc. has a fifty-two week low of $129.94 and a fifty-two week high of $335.29. The business’s 50-day moving average price is $265.44 and its two-hundred day moving average price is $257.60.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.07 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio is currently 6.76%.

Institutional Investors Weigh In On Bel Fuse

Hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC lifted its stake in shares of Bel Fuse by 22.7% during the 1st quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock valued at $150,587,000 after buying an additional 140,804 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Bel Fuse in the 1st quarter valued at about $351,000. Principal Financial Group Inc. bought a new position in shares of Bel Fuse in the first quarter worth approximately $2,915,000. California State Teachers Retirement System raised its stake in Bel Fuse by 37.2% in the first quarter. California State Teachers Retirement System now owns 13,217 shares of the electronics maker’s stock valued at $2,617,000 after purchasing an additional 3,585 shares in the last quarter. Finally, Precision Wealth Strategies LLC bought a new position in Bel Fuse in the first quarter valued at $1,864,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Analyst Ratings Changes

BELFB has been the subject of several research analyst reports. Citigroup started coverage on Bel Fuse in a research report on Monday, July 13th. They issued a “buy” rating for the company. Wall Street Zen upgraded Bel Fuse from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research raised shares of Bel Fuse from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. B. Riley Financial began coverage on Bel Fuse in a research note on Tuesday, July 14th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Bel Fuse from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $324.00.

Bel Fuse Company Profile

Bel Fuse Inc is a designer, manufacturer and supplier of products used to protect, power and connect electronic circuits. The company serves original equipment manufacturers, contract manufacturers and distributors across a range of industries, including telecommunications, networking, computing, consumer electronics, automotive, industrial, medical, aerospace and defense.

Bel Fuse’s product portfolio includes circuit protection devices, connectors, cable assemblies, discrete components, magnetics, power supplies, power conversion products and related modules.