Bel Fuse Inc. (NASDAQ:BELFB) Insider Stephen Dawson Sells 1,200 Shares

Bel Fuse Inc. (NASDAQ:BELFB) insider Stephen Dawson sold 1,200 shares of Bel Fuse stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $127.07, for a total transaction of $152,484.00. Following the transaction, the insider directly owned 14,265 shares in the company, valued at approximately $1,812,653.55. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bel Fuse Stock Down 2.0%

Shares of NASDAQ:BELFB opened at $127.50 on Friday. Bel Fuse Inc. has a 1-year low of $57.99 and a 1-year high of $131.68. The company’s fifty day moving average is $93.70 and its two-hundred day moving average is $82.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.72 and a current ratio of 3.05. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 1.79 and a beta of 1.51.

Bel Fuse Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.2%. This is a boost from Bel Fuse’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, October 15th. Bel Fuse’s dividend payout ratio is currently 6.86%.

Institutional Trading of Bel Fuse

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in Bel Fuse by 6,826.9% during the 1st quarter. GAMMA Investing LLC now owns 4,641 shares of the electronics maker’s stock valued at $347,000 after purchasing an additional 4,574 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Bel Fuse by 26.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,254 shares of the electronics maker’s stock worth $1,670,000 after buying an additional 4,204 shares in the last quarter. Millennium Management LLC bought a new stake in Bel Fuse during the 4th quarter valued at $305,000. Teacher Retirement System of Texas bought a new stake in Bel Fuse during the 1st quarter valued at $404,000. Finally, Bessemer Group Inc. acquired a new position in Bel Fuse during the 1st quarter worth $19,007,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BELFB has been the subject of a number of recent analyst reports. Needham & Company LLC raised their price target on shares of Bel Fuse from $116.00 to $130.00 and gave the company a “buy” rating in a report on Friday, July 25th. Oppenheimer set a $125.00 price target on Bel Fuse and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Northland Securities raised their price objective on Bel Fuse from $93.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, June 30th. Robert W. Baird initiated coverage on Bel Fuse in a research report on Tuesday, June 10th. They issued an “outperform” rating and a $88.00 target price on the stock. Finally, Baird R W raised shares of Bel Fuse to a “strong-buy” rating in a research report on Tuesday, June 10th. Five research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $113.60.

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.