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 stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the transaction, the insider now 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bel Fuse Price Performance

Shares of NASDAQ:BELFB opened at $79.41 on Friday. The company has a 50 day moving average of $78.57 and a 200 day moving average of $70.38. The stock has a market cap of $996.60 million, a P/E ratio of 18.21 and a beta of 1.35. Bel Fuse Inc. has a 12 month low of $45.74 and a 12 month high of $85.91. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16.

Bel Fuse Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Bel Fuse

Several hedge funds have recently bought and sold shares of BELFB. Beach Investment Counsel Inc. PA bought a new stake in shares of Bel Fuse in the 2nd quarter worth approximately $25,000. Isthmus Partners LLC bought a new stake in shares of Bel Fuse in the 2nd quarter worth approximately $39,000. nVerses Capital LLC bought a new stake in shares of Bel Fuse in the 3rd quarter worth approximately $39,000. Comerica Bank lifted its holdings in shares of Bel Fuse by 223.7% in the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after acquiring an additional 510 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Bel Fuse by 10.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock worth $172,000 after acquiring an additional 200 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors.

About Bel Fuse

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.