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

Bel Fuse Inc. (NASDAQ:BELFB) VP Joseph Francis Berry sold 1,000 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now directly 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 Securities & Exchange Commission, which is available through the SEC website.

Bel Fuse Trading Down 1.3 %

Shares of BELFB opened at $79.70 on Wednesday. The business’s 50-day moving average price is $78.80 and its 200 day moving average price is $70.64. The stock has a market capitalization of $999.84 million, a P/E ratio of 18.28 and a beta of 1.35. Bel Fuse Inc. has a 1-year low of $45.74 and a 1-year 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 firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.35%. Bel Fuse’s payout ratio is presently 6.42%.

Institutional Investors Weigh In On Bel Fuse

Institutional investors have recently bought and sold shares of the business. Beach Investment Counsel Inc. PA acquired a new stake in shares of Bel Fuse during the 2nd quarter valued at about $25,000. Isthmus Partners LLC acquired a new stake in Bel Fuse in the 2nd quarter worth approximately $39,000. nVerses Capital LLC acquired a new stake in Bel Fuse in the 3rd quarter worth approximately $39,000. Comerica Bank lifted its holdings in 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 purchasing an additional 510 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings 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 during the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.