Insider Selling: Bel Fuse Inc. (NASDAQ:BELFB) Insider Sells $116,475.00 in Stock

Bel Fuse Inc. (NASDAQ:BELFB) insider Stephen Dawson sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was 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 owns 14,832 shares in the company, valued at $1,151,704.80. This trade represents a 9.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Bel Fuse Stock Performance

BELFB opened at $79.41 on Monday. Bel Fuse Inc. has a 1-year low of $45.74 and a 1-year high of $85.91. The company has a market cap of $996.60 million, a price-to-earnings ratio of 18.21 and a beta of 1.35. The company’s fifty day moving average price is $78.57 and its two-hundred day moving average price is $70.45. 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 firm also recently announced 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 of this dividend 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 presently 6.42%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Northland Capmk raised shares of Bel Fuse from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 5th. StockNews.com cut shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 2nd. Needham & Company LLC boosted their target price 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, Northland Securities increased 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.

Hedge Funds Weigh In On Bel Fuse

Large investors have recently added to or reduced their stakes in the business. Beach Investment Counsel Inc. PA purchased a new position in Bel Fuse during the 2nd quarter worth $25,000. Isthmus Partners LLC bought a new position in shares of Bel Fuse during the second quarter valued at about $39,000. nVerses Capital LLC bought a new position in shares of Bel Fuse during the third quarter valued at about $39,000. Comerica Bank boosted its holdings in Bel Fuse by 223.7% during the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 510 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position 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 worth $172,000 after purchasing an additional 200 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.