Vincent Vellucci Sells 393 Shares of Bel Fuse (NASDAQ:BELFB) Stock

Bel Fuse Inc. (NASDAQ:BELFB) Director Vincent Vellucci sold 393 shares of Bel Fuse stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $243.61, for a total value of $95,738.73. Following the completion of the transaction, the director owned 8,434 shares of the company’s stock, valued at approximately $2,054,606.74. This represents a 4.45% 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 1.6%

Shares of BELFB stock opened at $243.79 on Friday. The company has a market capitalization of $3.52 billion, a P/E ratio of 58.89, a P/E/G ratio of 2.63 and a beta of 1.71. The business’s 50 day moving average is $271.77 and its two-hundred day moving average is $256.91. Bel Fuse Inc. has a 12-month low of $129.94 and a 12-month high of $335.29.

Bel Fuse Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on BELFB shares. B. Riley Financial started coverage on shares of Bel Fuse in a report on Tuesday, July 14th. They issued a “buy” rating for the company. Citigroup assumed coverage on shares of Bel Fuse in a report on Monday, July 13th. They set a “buy” rating on the stock. Zacks Research upgraded shares of Bel Fuse from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Northland Securities set a $326.00 price target on shares of Bel Fuse in a research report on Friday, July 31st. Finally, Weiss Ratings lowered shares of Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, August 25th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Bel Fuse has a consensus rating of “Moderate Buy” and an average price target of $324.00.

Hedge Funds Weigh In On Bel Fuse

Hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC lifted its stake in Bel Fuse by 22.7% in the 1st quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock worth $150,587,000 after purchasing an additional 140,804 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Bel Fuse in the first quarter valued at approximately $351,000. Principal Financial Group Inc. purchased a new stake in shares of Bel Fuse in the first quarter valued at approximately $2,915,000. California State Teachers Retirement System increased its holdings in shares of Bel Fuse by 37.2% in the first quarter. California State Teachers Retirement System now owns 13,217 shares of the electronics maker’s stock valued at $2,617,000 after purchasing an additional 3,585 shares during the last quarter. Finally, Precision Wealth Strategies LLC purchased a new position in Bel Fuse during the first quarter worth approximately $1,864,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

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.