Insider Selling: Bel Fuse Inc. (NASDAQ:BELFB) VP Sells 4,000 Shares of Stock

Bel Fuse Inc. (NASDAQ:BELFB) VP Kenneth Koon Keung Lai sold 4,000 shares of the business’s stock in a transaction on Friday, June 13th. The stock was sold at an average price of $84.03, for a total value of $336,120.00. Following the completion of the transaction, the vice president now directly owns 12,155 shares of the company’s stock, valued at approximately $1,021,384.65. The trade was a 24.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Bel Fuse Stock Performance

Shares of BELFB stock traded up $1.27 during trading hours on Monday, reaching $87.43. 52,258 shares of the company’s stock were exchanged, compared to its average volume of 82,080. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The company’s 50 day moving average is $72.64 and its two-hundred day moving average is $77.50. Bel Fuse Inc. has a 1 year low of $58.00 and a 1 year high of $92.61. The company has a market cap of $1.11 billion, a P/E ratio of 26.71, a price-to-earnings-growth ratio of 1.24 and a beta of 1.45.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.50. The business had revenue of $152.24 million during the quarter, compared to analysts’ expectations of $147.93 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. Equities research analysts anticipate that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Tuesday, July 15th. Bel Fuse’s dividend payout ratio is currently 8.14%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its stake in shares of Bel Fuse by 4.8% during the fourth quarter. Empowered Funds LLC now owns 11,506 shares of the electronics maker’s stock valued at $949,000 after purchasing an additional 523 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Bel Fuse by 2.6% during the 4th quarter. Rhumbline Advisers now owns 16,427 shares of the electronics maker’s stock worth $1,355,000 after acquiring an additional 418 shares in the last quarter. Principal Financial Group Inc. lifted its position in Bel Fuse by 6.3% during the 4th quarter. Principal Financial Group Inc. now owns 4,222 shares of the electronics maker’s stock worth $348,000 after acquiring an additional 249 shares during the last quarter. Navellier & Associates Inc. increased its position in Bel Fuse by 68.0% during the fourth quarter. Navellier & Associates Inc. now owns 23,415 shares of the electronics maker’s stock worth $1,931,000 after acquiring an additional 9,478 shares during the period. Finally, PFG Advisors raised its stake in shares of Bel Fuse by 13.6% in the fourth quarter. PFG Advisors now owns 9,299 shares of the electronics maker’s stock valued at $767,000 after purchasing an additional 1,116 shares in the last quarter. 58.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BELFB shares. Craig Hallum began coverage on shares of Bel Fuse in a research report on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price objective for the company. Baird R W upgraded shares of Bel Fuse to a “strong-buy” rating in a research report on Tuesday, June 10th. Wall Street Zen cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Robert W. Baird started coverage on Bel Fuse in a report on Tuesday, June 10th. They issued an “outperform” rating and a $88.00 price objective on the stock. Finally, Needham & Company LLC cut their target price on Bel Fuse from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have 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 target price of $99.60.

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.