Insider Selling: Bel Fuse Inc. (NASDAQ:BELFB) VP Sells $80,300.00 in Stock

Bel Fuse Inc. (NASDAQ:BELFB) VP Joseph Francis Berry sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the transaction, the vice president now owns 8,023 shares in the company, valued at $644,246.90. This represents a 11.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Bel Fuse Stock Down 0.9 %

Shares of BELFB stock opened at $78.95 on Friday. The stock has a 50 day moving average of $79.17 and a 200-day moving average of $70.88. The firm has a market cap of $990.82 million, a PE ratio of 18.11 and a beta of 1.35. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. Bel Fuse Inc. has a 12 month low of $45.74 and a 12 month high of $85.91.

Bel Fuse Announces Dividend

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

Institutional Investors Weigh In On Bel Fuse

Several hedge funds have recently made changes to their positions in BELFB. Barclays PLC increased its holdings in Bel Fuse by 319.5% in the 3rd quarter. Barclays PLC now owns 16,008 shares of the electronics maker’s stock valued at $1,257,000 after buying an additional 12,192 shares during the period. Geode Capital Management LLC boosted its holdings in Bel Fuse by 2.2% during the third quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock valued at $22,716,000 after purchasing an additional 6,250 shares in the last quarter. Hodges Capital Management Inc. grew its stake in shares of Bel Fuse by 47.7% in the 3rd quarter. Hodges Capital Management Inc. now owns 75,785 shares of the electronics maker’s stock valued at $5,950,000 after purchasing an additional 24,490 shares during the period. Dean Investment Associates LLC lifted its position in shares of Bel Fuse by 49.6% during the 3rd quarter. Dean Investment Associates LLC now owns 47,034 shares of the electronics maker’s stock worth $3,693,000 after buying an additional 15,588 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Bel Fuse in the 3rd quarter valued at $288,000. Institutional investors own 58.39% of the company’s stock.

Analysts Set New Price Targets

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

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.