Bel Fuse Inc. (NASDAQ:BELFA – Get Free Report) Director Peter Gilbert sold 500 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $292.12, for a total transaction of $146,060.00. Following the completion of the transaction, the director directly owned 750 shares in the company, valued at $219,090. The trade was a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Bel Fuse Stock Performance
NASDAQ BELFA opened at $242.89 on Friday. The stock has a market cap of $3.51 billion, a PE ratio of 62.12 and a beta of 1.40. The firm has a 50-day moving average of $241.33 and a 200-day moving average of $225.06. Bel Fuse Inc. has a 52-week low of $107.51 and a 52-week high of $293.51.
Bel Fuse (NASDAQ:BELFA – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.42. The business had revenue of $210.69 million for the quarter, compared to analyst estimates of $206.39 million. Bel Fuse had a net margin of 7.21% and a return on equity of 20.55%.
Bel Fuse Announces Dividend
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC raised its position in shares of Bel Fuse by 16.9% in the second quarter. FNY Investment Advisers LLC now owns 1,239 shares of the scientific and technical instruments company’s stock valued at $360,000 after buying an additional 179 shares in the last quarter. Renaissance Technologies LLC grew its position in Bel Fuse by 62.3% during the first quarter. Renaissance Technologies LLC now owns 68,253 shares of the scientific and technical instruments company’s stock worth $12,299,000 after buying an additional 26,200 shares in the last quarter. Sei Investments Co. increased its stake in Bel Fuse by 110.2% during the 1st quarter. Sei Investments Co. now owns 9,681 shares of the scientific and technical instruments company’s stock worth $1,745,000 after acquiring an additional 5,076 shares during the period. PNC Financial Services Group Inc. boosted its holdings 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. Finally, Abel Hall LLC bought a new position in shares of Bel Fuse in the 1st quarter valued at $205,000. 6.01% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have commented on BELFA. Weiss Ratings raised Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Citigroup started coverage on shares of Bel Fuse in a research report on Monday, July 13th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Bel Fuse currently has an average rating of “Moderate Buy” and a consensus price target of $250.00.
Get Our Latest Stock Analysis on BELFA
Bel Fuse Company Profile
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.
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