Bel Fuse (NASDAQ:BELFA) Director Sells 393 Shares

Bel Fuse Inc. (NASDAQ:BELFA) Director Vincent Vellucci sold 393 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $243.61, for a total transaction of $95,738.73. Following the sale, the director owned 8,434 shares in the company, valued at approximately $2,054,606.74. This trade represents a 4.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Bel Fuse Price Performance

BELFA traded up $2.04 during trading on Friday, hitting $203.69. The company’s stock had a trading volume of 45,034 shares, compared to its average volume of 114,005. Bel Fuse Inc. has a twelve month low of $110.67 and a twelve month high of $293.51. The stock has a market cap of $2.94 billion, a PE ratio of 52.10 and a beta of 1.39. The firm’s 50 day moving average price is $228.39 and its 200-day moving average price is $226.48.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings data on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.42. The business had revenue of $210.69 million for the quarter, compared to analysts’ expectations of $206.39 million. Bel Fuse had a return on equity of 20.55% and a net margin of 7.21%.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 6.14%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of Bel Fuse in a report on Monday, July 13th. They set a “buy” rating on the stock. Weiss Ratings downgraded shares of Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $250.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BELFA. BNP Paribas Financial Markets increased its stake in Bel Fuse by 92.2% during the third quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 153 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Bel Fuse by 6,000.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 305 shares of the scientific and technical instruments company’s stock valued at $55,000 after purchasing an additional 300 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Bel Fuse in the 4th quarter valued at about $61,000. Tower Research Capital LLC TRC grew its holdings in shares of Bel Fuse by 447.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after purchasing an additional 608 shares during the period. Finally, Deutsche Bank AG purchased a new stake in shares of Bel Fuse during the 4th quarter worth about $111,000. Institutional investors and hedge funds own 6.01% of the company’s stock.

About Bel Fuse

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.