Bel Fuse Inc. (NASDAQ:BELFB) Insider Stephen Dawson Sells 1,500 Shares

Bel Fuse Inc. (NASDAQ:BELFB) insider Stephen Dawson sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the sale, the insider now directly 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 filing with the Securities & Exchange Commission, which is available at the SEC website.

Bel Fuse Stock Performance

NASDAQ:BELFB traded up $2.26 during mid-day trading on Friday, hitting $79.41. 65,049 shares of the company’s stock traded hands, compared to its average volume of 91,277. The firm has a market capitalization of $996.60 million, a price-to-earnings ratio of 17.68 and a beta of 1.35. The firm has a 50 day moving average of $78.37 and a two-hundred day moving average of $70.24. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. Bel Fuse Inc. has a 12 month low of $45.74 and a 12 month high of $85.91.

Bel Fuse Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.35%. Bel Fuse’s dividend payout ratio is 6.42%.

Institutional Investors Weigh In On Bel Fuse

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new position in Bel Fuse in the 1st quarter valued at approximately $1,532,000. Truvestments Capital LLC bought a new position in Bel Fuse in the first quarter worth $407,000. Comerica Bank increased its holdings in Bel Fuse by 223.7% in the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after buying an additional 510 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Bel Fuse by 142.3% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 8,287 shares of the electronics maker’s stock valued at $488,000 after acquiring an additional 4,867 shares in the last quarter. Finally, Beach Investment Counsel Inc. PA bought a new stake in shares of Bel Fuse in the 2nd quarter valued at approximately $25,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BELFB. Northland Capmk upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 5th. Northland Securities upped their price target on Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a research note 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 stock a “buy” rating in a research note on Monday. Finally, StockNews.com lowered shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd.

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.