Bel Fuse (NASDAQ:BELFB) Director Sells $146,060.00 in Stock

Bel Fuse Inc. (NASDAQ:BELFB) Director Peter Gilbert sold 500 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $292.12, for a total value of $146,060.00. Following the completion of the sale, the director owned 750 shares in the company, valued at $219,090. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Bel Fuse Price Performance

Shares of Bel Fuse stock traded up $6.38 during midday trading on Friday, reaching $292.39. The company had a trading volume of 62,861 shares, compared to its average volume of 238,933. The stock has a fifty day moving average price of $282.95 and a 200 day moving average price of $252.77. Bel Fuse Inc. has a fifty-two week low of $124.42 and a fifty-two week high of $335.29. The firm has a market cap of $3.72 billion, a PE ratio of 70.63, a P/E/G ratio of 3.12 and a beta of 1.72.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Thursday, October 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 6.76%.

Analyst Upgrades and Downgrades

BELFB has been the topic of several research reports. Northland Securities set a $326.00 price objective on shares of Bel Fuse in a research report on Friday, July 31st. Needham & Company LLC upped their price target on Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. B. Riley Financial started coverage on Bel Fuse in a research note on Tuesday, July 14th. They set a “buy” rating for the company. Robert W. Baird set a $293.00 price objective on Bel Fuse in a report on Friday, May 1st. Finally, Zacks Research upgraded Bel Fuse from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $324.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its holdings in Bel Fuse by 74.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock valued at $141,517,000 after acquiring an additional 355,563 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Bel Fuse by 22.7% in the first quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock worth $150,587,000 after acquiring an additional 140,804 shares during the period. T. Rowe Price Investment Management Inc. grew its position in shares of Bel Fuse by 45.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock valued at $88,039,000 after purchasing an additional 161,736 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of Bel Fuse by 2.2% during the 2nd quarter. Wasatch Advisors LP now owns 489,414 shares of the electronics maker’s stock valued at $162,994,000 after purchasing an additional 10,705 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Bel Fuse by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 267,950 shares of the electronics maker’s stock worth $45,460,000 after purchasing an additional 2,803 shares in the last quarter. 58.39% of the stock is currently owned by hedge funds and other institutional investors.

Bel Fuse Company Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.