Bel Fuse Inc. (NASDAQ:BELFB) Insider Suzanne Kozlovsky Sells 194 Shares of Stock

Bel Fuse Inc. (NASDAQ:BELFB) insider Suzanne Kozlovsky sold 194 shares of Bel Fuse stock in a transaction on Monday, March 17th. The shares were sold at an average price of $75.91, for a total value of $14,726.54. Following the completion of the transaction, the insider now owns 12,060 shares in the company, valued at approximately $915,474.60. The trade was a 1.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Bel Fuse Stock Down 1.4 %

Shares of BELFB opened at $74.17 on Wednesday. The company has a market capitalization of $930.02 million, a PE ratio of 22.68, a PEG ratio of 1.24 and a beta of 1.12. Bel Fuse Inc. has a 12 month low of $53.74 and a 12 month high of $92.61. The stock’s 50-day moving average price is $80.58 and its two-hundred day moving average price is $79.36. The company has a current ratio of 2.92, a quick ratio of 1.66 and a debt-to-equity ratio of 0.80.

Bel Fuse (NASDAQ:BELFB) last announced its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.96 by ($1.10). The company had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same period in the previous year, the firm posted $1.29 earnings per share. On average, analysts anticipate that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend is Tuesday, April 15th. Bel Fuse’s payout ratio is presently 8.56%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Needham & Company LLC raised their price objective on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, February 20th. StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Finally, Oppenheimer assumed coverage on Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price objective on the stock. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Bel Fuse currently has an average rating of “Buy” and an average price target of $100.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its stake in shares of Bel Fuse by 10.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 200 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Bel Fuse by 0.6% in the 4th quarter. Russell Investments Group Ltd. now owns 38,617 shares of the electronics maker’s stock valued at $3,185,000 after purchasing an additional 215 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Bel Fuse by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,887 shares of the electronics maker’s stock valued at $486,000 after purchasing an additional 234 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Bel Fuse by 6.3% in the 4th quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker’s stock valued at $348,000 after purchasing an additional 249 shares during the period. Finally, Sterling Capital Management LLC lifted its stake in shares of Bel Fuse by 4.5% in the 4th quarter. Sterling Capital Management LLC now owns 6,891 shares of the electronics maker’s stock valued at $568,000 after purchasing an additional 295 shares during the period. 58.39% of the stock is owned by institutional investors and hedge funds.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.