Insider Selling: Bel Fuse Inc. (NASDAQ:BELFB) Insider Sells 1,500 Shares of Stock

Bel Fuse Inc. (NASDAQ:BELFB) insider Stephen Dawson sold 1,500 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the sale, the insider now owns 14,832 shares of the company’s stock, valued at $1,151,704.80. This represents a 9.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bel Fuse Stock Up 2.9 %

NASDAQ:BELFB opened at $79.41 on Friday. The firm’s 50-day moving average price is $78.57 and its 200-day moving average price is $70.38. The company has a market capitalization of $996.60 million, a PE ratio of 18.21 and a beta of 1.35. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. Bel Fuse Inc. has a 1-year low of $45.74 and a 1-year high of $85.91.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio is presently 6.42%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BELFB shares. Northland Securities boosted their price objective on shares of Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Needham & Company LLC boosted their price objective on shares of Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, November 18th. StockNews.com downgraded shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. Finally, Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th.

Institutional Trading of Bel Fuse

Several institutional investors have recently bought and sold shares of the company. Barclays PLC grew its position in Bel Fuse by 319.5% during the 3rd quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock valued at $1,257,000 after purchasing an additional 12,192 shares during the last quarter. Geode Capital Management LLC lifted its stake in Bel Fuse by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock valued at $22,716,000 after acquiring an additional 6,250 shares during the period. Hodges Capital Management Inc. lifted its stake in Bel Fuse by 47.7% during the 3rd quarter. Hodges Capital Management Inc. now owns 75,785 shares of the electronics maker’s stock valued at $5,950,000 after acquiring an additional 24,490 shares during the period. Dean Investment Associates LLC lifted its stake in Bel Fuse by 49.6% during the 3rd quarter. Dean Investment Associates LLC now owns 47,034 shares of the electronics maker’s stock valued at $3,693,000 after acquiring an additional 15,588 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new position in Bel Fuse during the 3rd quarter valued at about $288,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Company Profile

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.