Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) insider Stephen Dawson sold 1,500 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the transaction, the insider now owns 14,832 shares of the company's stock, valued at $1,151,704.80. The trade was a 9.18 % 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 Up 2.9 %
Shares of NASDAQ:BELFB opened at $79.41 on Friday. Bel Fuse Inc. has a 52-week low of $45.74 and a 52-week high of $85.91. The company has a market capitalization of $996.60 million, a P/E ratio of 18.21 and a beta of 1.35. The company has a 50-day simple moving average of $78.57 and a 200 day simple moving average of $70.38. 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 Announces Dividend
The business 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 of this dividend is Wednesday, January 15th. This represents a $0.28 annualized dividend and a yield of 0.35%. Bel Fuse's dividend payout ratio (DPR) is presently 6.42%.
Institutional Investors Weigh In On Bel Fuse
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Several hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its position in Bel Fuse by 319.5% during the third quarter. Barclays PLC now owns 16,008 shares of the electronics maker's stock worth $1,257,000 after acquiring an additional 12,192 shares during the last quarter. Geode Capital Management LLC lifted its position 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 worth $22,716,000 after acquiring an additional 6,250 shares during the last quarter. Hodges Capital Management Inc. lifted its position in Bel Fuse by 47.7% during the third quarter. Hodges Capital Management Inc. now owns 75,785 shares of the electronics maker's stock worth $5,950,000 after acquiring an additional 24,490 shares during the last quarter. Dean Investment Associates LLC lifted its position in Bel Fuse by 49.6% during the third quarter. Dean Investment Associates LLC now owns 47,034 shares of the electronics maker's stock worth $3,693,000 after acquiring an additional 15,588 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Bel Fuse during the third quarter worth approximately $288,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on BELFB. Needham & Company LLC raised their price objective on Bel Fuse from $79.00 to $95.00 and gave the company a "buy" rating in a report on Monday, November 18th. Northland Securities raised their target price on shares of Bel Fuse from $80.00 to $95.00 and gave the company an "outperform" rating in a research note on Tuesday, October 1st. Northland Capmk upgraded shares of Bel Fuse from a "hold" rating to a "strong-buy" rating in a research note on Thursday, September 5th. Finally, StockNews.com downgraded shares of Bel Fuse from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 2nd.
View Our Latest Stock Analysis on Bel Fuse
Bel Fuse Company Profile
(
Get Free Report)
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.
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