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

Bel Fuse Inc. (NASDAQ:BELFB) insider Stephen Dawson sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the transaction, the insider now directly owns 14,832 shares of the company’s stock, valued at approximately $1,151,704.80. The trade was a 9.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Bel Fuse Stock Up 2.9 %

BELFB opened at $79.41 on Monday. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. The business’s fifty day simple moving average is $78.57 and its 200 day simple moving average is $70.45. Bel Fuse Inc. has a 52 week low of $45.74 and a 52 week high of $85.91. The stock has a market cap of $996.60 million, a PE ratio of 18.21 and a beta of 1.35.

Bel Fuse Dividend Announcement

The company 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 dividend of $0.07 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.35%. Bel Fuse’s dividend payout ratio is 6.42%.

Institutional Trading of Bel Fuse

Several hedge funds and other institutional investors have recently bought and sold shares of BELFB. Russell Investments Group Ltd. purchased a new position in shares of Bel Fuse during the first quarter worth approximately $1,532,000. Truvestments Capital LLC bought a new position in shares of Bel Fuse during the 1st quarter valued at $407,000. Tectonic Advisors LLC raised its position in Bel Fuse by 80.7% in the 3rd quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker’s stock worth $1,393,000 after purchasing an additional 7,922 shares during the period. Pinnacle Associates Ltd. lifted its stake in Bel Fuse by 168.0% in the third quarter. Pinnacle Associates Ltd. now owns 36,680 shares of the electronics maker’s stock worth $2,880,000 after purchasing an additional 22,995 shares during the last quarter. Finally, Roubaix Capital LLC lifted its stake in Bel Fuse by 16.4% in the third quarter. Roubaix Capital LLC now owns 64,399 shares of the electronics maker’s stock worth $5,056,000 after purchasing an additional 9,069 shares during the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Analysts Set New Price Targets

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

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.