Bel Fuse (NASDAQ:BELFB) Director Peter Gilbert Sells 500 Shares

Bel Fuse Inc. (NASDAQ:BELFB) Director Peter Gilbert sold 500 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $292.12, for a total value of $146,060.00. Following the sale, the director owned 750 shares in the company, valued at approximately $219,090. This trade represents a 40.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Bel Fuse Stock Performance

Bel Fuse stock opened at $290.08 on Friday. Bel Fuse Inc. has a fifty-two week low of $124.42 and a fifty-two week high of $335.29. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 70.07, a PEG ratio of 3.03 and a beta of 1.72. The stock has a fifty day moving average of $283.50 and a two-hundred day moving average of $253.03.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.28 annualized dividend and a yield of 0.1%. Bel Fuse’s payout ratio is presently 6.76%.

Institutional Trading of Bel Fuse

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BELFB. PNC Financial Services Group Inc. increased its stake in shares of Bel Fuse by 20.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 286 shares of the electronics maker’s stock valued at $57,000 after acquiring an additional 48 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Bel Fuse by 1.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,782 shares of the electronics maker’s stock worth $947,000 after acquiring an additional 50 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Bel Fuse by 2.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 4,087 shares of the electronics maker’s stock worth $693,000 after acquiring an additional 79 shares during the last quarter. PFG Advisors boosted its position in shares of Bel Fuse by 1.3% in the fourth quarter. PFG Advisors now owns 6,656 shares of the electronics maker’s stock worth $1,129,000 after acquiring an additional 84 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Bel Fuse by 0.9% in the first quarter. Bank of America Corp DE now owns 10,348 shares of the electronics maker’s stock valued at $2,049,000 after purchasing an additional 89 shares during the period. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BELFB. Zacks Research raised shares of Bel Fuse from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Robert W. Baird set a $293.00 price objective on shares of Bel Fuse in a research note on Friday, May 1st. Northland Securities set a $326.00 target price on shares of Bel Fuse in a research report on Friday, July 31st. JPMorgan Chase & Co. lifted their target price on shares of Bel Fuse from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, Needham & Company LLC lifted their target price on shares of Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $324.00.

Bel Fuse Company Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.