Joseph Francis Berry Sells 1,000 Shares of Bel Fuse Inc. (NASDAQ:BELFB) Stock

Bel Fuse Inc. (NASDAQ:BELFB) VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the transaction, the vice president now directly owns 8,023 shares in the company, valued at approximately $644,246.90. This represents a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Bel Fuse Price Performance

Bel Fuse stock opened at $79.70 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. Bel Fuse Inc. has a 52 week low of $45.74 and a 52 week high of $85.91. The firm has a market cap of $999.84 million, a P/E ratio of 18.28 and a beta of 1.35. The business’s fifty day moving average is $78.80 and its two-hundred day moving average is $70.64.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.07 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.35%. Bel Fuse’s dividend payout ratio is presently 6.42%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BELFB shares. Northland Securities boosted their price objective on Bel Fuse from $80.00 to $95.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Northland Capmk upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th. Needham & Company LLC upped their price target on Bel Fuse from $79.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, StockNews.com cut Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd.

Institutional Investors Weigh In On Bel Fuse

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans grew its holdings in shares of Bel Fuse by 277.2% during the second quarter. Thrivent Financial for Lutherans now owns 167,496 shares of the electronics maker’s stock worth $10,927,000 after buying an additional 123,092 shares in the last quarter. Portolan Capital Management LLC grew its holdings in shares of Bel Fuse by 122.8% during the third quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker’s stock worth $9,489,000 after buying an additional 66,621 shares in the last quarter. Isthmus Partners LLC bought a new position in shares of Bel Fuse during the second quarter worth about $39,000. Hodges Capital Management Inc. bought a new position in shares of Bel Fuse during the second quarter worth about $3,346,000. Finally, American Century Companies Inc. grew its holdings in shares of Bel Fuse by 11.6% during the second quarter. American Century Companies Inc. now owns 276,265 shares of the electronics maker’s stock worth $18,024,000 after buying an additional 28,649 shares in the last quarter. Institutional investors own 58.39% of the company’s stock.

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.