Dennis Ackerman Sells 1,642 Shares of Bel Fuse, Inc. (BELFA) Stock

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Bel Fuse, Inc. (NASDAQ:BELFA) VP Dennis Ackerman sold 1,642 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $25.74, for a total transaction of $42,265.08. Following the completion of the sale, the vice president now directly owns 10,858 shares of the company’s stock, valued at $279,484.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

NASDAQ:BELFA opened at $20.60 on Friday. Bel Fuse, Inc. has a 12 month low of $15.24 and a 12 month high of $26.13. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.89 and a quick ratio of 1.76. The stock has a market capitalization of $247.43 million, a PE ratio of 18.73 and a beta of 1.19.

Bel Fuse (NASDAQ:BELFA) last posted its earnings results on Thursday, November 1st. The scientific and technical instruments company reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.13. Bel Fuse had a negative net margin of 0.78% and a positive return on equity of 8.59%. The firm had revenue of $146.49 million during the quarter.

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About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.

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