Insider Selling: Bel Fuse (NASDAQ:BELFA) Director Sells $146,060.00 in Stock

Bel Fuse Inc. (NASDAQ:BELFA) Director Peter Gilbert sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total value of $146,060.00. Following the transaction, the director directly owned 750 shares of the company’s stock, valued at approximately $219,090. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Bel Fuse Price Performance

Shares of NASDAQ:BELFA opened at $242.89 on Monday. The business’s 50 day moving average price is $241.33 and its 200-day moving average price is $225.33. Bel Fuse Inc. has a 1 year low of $107.51 and a 1 year high of $293.51. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 62.12 and a beta of 1.40.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 EPS for the quarter, topping the consensus estimate of $2.34 by $0.42. The company had revenue of $210.69 million during the quarter, compared to analyst estimates of $206.39 million. Bel Fuse had a net margin of 7.21% and a return on equity of 20.55%.

Bel Fuse Announces Dividend

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

Analyst Ratings Changes

Several research firms recently issued reports on BELFA. Weiss Ratings upgraded Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Citigroup initiated coverage on Bel Fuse in a report on Monday, July 13th. They set a “buy” rating for the company. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bel Fuse has an average rating of “Moderate Buy” and a consensus price target of $250.00.

Institutional Investors Weigh In On Bel Fuse

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in 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 acquiring an additional 153 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Bel Fuse by 6,000.0% in 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 acquiring an additional 300 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in Bel Fuse in the 4th quarter valued at about $61,000. Tower Research Capital LLC TRC lifted its stake in Bel Fuse by 447.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after purchasing an additional 608 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in Bel Fuse in the 4th quarter worth approximately $111,000. 6.01% of the stock is currently owned by institutional investors and hedge funds.

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.