Bel Fuse (NASDAQ:BELFB) Director Sells $146,060.00 in Stock

Bel Fuse Inc. (NASDAQ:BELFB) Director Peter Gilbert sold 500 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $292.12, for a total value of $146,060.00. Following the sale, the director owned 750 shares in the company, valued at approximately $219,090. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Bel Fuse Price Performance

BELFB stock opened at $290.08 on Monday. Bel Fuse Inc. has a 1-year low of $124.42 and a 1-year high of $335.29. The business has a fifty day moving average price of $283.50 and a 200-day moving average price of $253.37. The stock has a market capitalization of $4.19 billion, a P/E ratio of 70.07, a P/E/G ratio of 3.07 and a beta of 1.72.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. Bel Fuse’s payout ratio is 6.76%.

Analyst Upgrades and Downgrades

BELFB has been the subject of a number of research analyst reports. B. Riley Financial began coverage on shares of Bel Fuse in a research note on Tuesday, July 14th. They issued a “buy” rating for the company. Citigroup assumed coverage on shares of Bel Fuse in a research report on Monday, July 13th. They set a “buy” rating on the stock. Oppenheimer restated an “outperform” rating and issued a $315.00 target price on shares of Bel Fuse in a report on Friday, May 1st. JPMorgan Chase & Co. lifted their target price on shares of Bel Fuse from $370.00 to $380.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, Northland Securities set a $326.00 target price on shares of Bel Fuse in a research note on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Bel Fuse currently has a consensus rating of “Moderate Buy” and an average target price of $324.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BELFB. PNC Financial Services Group Inc. raised its position in Bel Fuse by 20.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 286 shares of the electronics maker’s stock valued at $57,000 after purchasing an additional 48 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Bel Fuse by 1.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 4,782 shares of the electronics maker’s stock worth $947,000 after buying an additional 50 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Bel Fuse by 2.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 4,087 shares of the electronics maker’s stock worth $693,000 after buying an additional 79 shares in the last quarter. PFG Advisors increased its stake in shares of Bel Fuse by 1.3% during the fourth quarter. PFG Advisors now owns 6,656 shares of the electronics maker’s stock valued at $1,129,000 after buying an additional 84 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Bel Fuse by 0.9% during the first quarter. Bank of America Corp DE now owns 10,348 shares of the electronics maker’s stock valued at $2,049,000 after buying an additional 89 shares during the period. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.