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

Bel Fuse Inc. (NASDAQ:BELFB) VP Joseph Francis Berry sold 1,000 shares of the company’s stock in a transaction 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 sale, the vice president now owns 8,023 shares of the company’s stock, valued at $644,246.90. This trade represents a 11.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Bel Fuse Stock Performance

NASDAQ BELFB opened at $78.95 on Thursday. The company has a market capitalization of $990.82 million, a PE ratio of 18.11 and a beta of 1.35. 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 company has a 50-day simple moving average of $79.21 and a 200 day simple moving average of $70.82.

Bel Fuse Announces Dividend

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

Hedge Funds Weigh In On Bel Fuse

Institutional investors have recently bought and sold shares of the company. Beach Investment Counsel Inc. PA purchased a new stake in Bel Fuse during the second quarter valued at about $25,000. Isthmus Partners LLC purchased a new stake in shares of Bel Fuse during the 2nd quarter valued at approximately $39,000. nVerses Capital LLC bought a new position in Bel Fuse in the 3rd quarter worth approximately $39,000. Comerica Bank grew its stake in Bel Fuse by 223.7% in the 1st quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock valued at $45,000 after buying an additional 510 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Bel Fuse by 10.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on BELFB shares. Northland Capmk upgraded shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th. StockNews.com lowered shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 2nd. Needham & Company LLC boosted their target price on Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, November 18th. Finally, Northland Securities lifted their price target on 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.