Insider Selling: Bel Fuse (NASDAQ:BELFA) CEO Sells 33,967 Shares of Stock

Bel Fuse Inc. (NASDAQ:BELFA) CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the business’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $234.00, for a total transaction of $7,948,278.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Bel Fuse Stock Performance

Shares of BELFA stock traded down $3.16 during trading hours on Thursday, hitting $214.00. 76,122 shares of the company were exchanged, compared to its average volume of 57,603. The company has a current ratio of 3.02, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 46.02 and a beta of 1.23. The firm has a fifty day simple moving average of $183.72 and a 200 day simple moving average of $145.78. Bel Fuse Inc. has a 52-week low of $53.95 and a 52-week high of $227.42.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.78. The business had revenue of $175.94 million for the quarter, compared to analysts’ expectations of $172.01 million. Bel Fuse had a return on equity of 21.78% and a net margin of 9.11%.

Bel Fuse Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 5.16%.

Institutional Investors Weigh In On Bel Fuse

A number of large investors have recently added to or reduced their stakes in BELFA. Rhumbline Advisers increased its stake in shares of Bel Fuse by 41.5% during the first quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock valued at $188,000 after buying an additional 767 shares during the period. Los Angeles Capital Management LLC bought a new stake in Bel Fuse in the second quarter valued at $330,000. Cynosure Group LLC increased its position in Bel Fuse by 23.2% during the 2nd quarter. Cynosure Group LLC now owns 5,302 shares of the scientific and technical instruments company’s stock valued at $476,000 after purchasing an additional 1,000 shares during the period. Gabelli Funds LLC raised its holdings in Bel Fuse by 0.3% in the 2nd quarter. Gabelli Funds LLC now owns 67,400 shares of the scientific and technical instruments company’s stock worth $6,056,000 after purchasing an additional 200 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Bel Fuse by 447.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after purchasing an additional 608 shares in the last quarter. Institutional investors own 6.01% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on BELFA. Weiss Ratings raised Bel Fuse from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 12th. Robert W. Baird set a $250.00 target price on shares of Bel Fuse in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to data from MarketBeat.com, Bel Fuse currently has a consensus rating of “Buy” and an average price target of $182.50.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.