Bel Fuse Inc. (NASDAQ:BELFB) VP Kenneth Koon Keung Lai Sells 4,000 Shares of Stock

Bel Fuse Inc. (NASDAQ:BELFB) VP Kenneth Koon Keung Lai sold 4,000 shares of Bel Fuse stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $84.03, for a total value of $336,120.00. Following the completion of the transaction, the vice president now directly owns 12,155 shares of the company’s stock, valued at $1,021,384.65. This represents a 24.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bel Fuse Price Performance

Shares of BELFB stock opened at $88.72 on Tuesday. The stock has a 50-day moving average price of $73.17 and a 200 day moving average price of $77.56. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 1.24 and a beta of 1.45. Bel Fuse Inc. has a 12 month low of $58.00 and a 12 month high of $92.61.

Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.50. The firm had revenue of $152.24 million during the quarter, compared to analyst estimates of $147.93 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. Research analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be given a $0.06 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.27%. Bel Fuse’s payout ratio is 8.14%.

Analyst Ratings Changes

A number of research analysts recently issued reports on BELFB shares. Robert W. Baird started coverage on Bel Fuse in a report on Tuesday, June 10th. They issued an “outperform” rating and a $88.00 price target for the company. Baird R W raised Bel Fuse to a “strong-buy” rating in a report on Tuesday, June 10th. Wall Street Zen cut Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Craig Hallum started coverage on Bel Fuse in a report on Tuesday, March 25th. They issued a “buy” rating and a $115.00 price target for the company. Finally, Needham & Company LLC cut their price target on Bel Fuse from $100.00 to $95.00 and set a “buy” rating for the company in a report on Monday, April 28th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $99.60.

Institutional Trading of Bel Fuse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its position in shares of Bel Fuse by 4.5% during the 1st quarter. Principal Financial Group Inc. now owns 4,411 shares of the electronics maker’s stock worth $330,000 after buying an additional 189 shares during the period. Russell Investments Group Ltd. grew its position in shares of Bel Fuse by 0.6% during the 4th quarter. Russell Investments Group Ltd. now owns 38,617 shares of the electronics maker’s stock worth $3,185,000 after buying an additional 215 shares during the period. CWM LLC grew its position in shares of Bel Fuse by 147.1% during the 1st quarter. CWM LLC now owns 383 shares of the electronics maker’s stock worth $29,000 after buying an additional 228 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Bel Fuse by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,887 shares of the electronics maker’s stock worth $486,000 after buying an additional 234 shares during the period. Finally, Sterling Capital Management LLC grew its position in shares of Bel Fuse by 4.5% during the 4th quarter. Sterling Capital Management LLC now owns 6,891 shares of the electronics maker’s stock worth $568,000 after buying an additional 295 shares during the period. 58.39% of the stock is currently owned by institutional investors and hedge funds.

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.