Bel Fuse Inc. (NASDAQ:BELFB – Get Free Report) Director Vincent Vellucci sold 1,000 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $235.15, for a total value of $235,150.00. Following the sale, the director owned 7,434 shares in the company, valued at $1,748,105.10. The trade was a 11.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Vincent Vellucci also recently made the following trade(s):
- On Wednesday, September 2nd, Vincent Vellucci sold 393 shares of Bel Fuse stock. The shares were sold at an average price of $243.61, for a total transaction of $95,738.73.
Bel Fuse Stock Up 0.6%
Shares of Bel Fuse stock opened at $231.75 on Wednesday. The company has a 50 day moving average price of $265.04 and a 200 day moving average price of $257.58. The firm has a market capitalization of $3.35 billion, a P/E ratio of 55.98, a PEG ratio of 2.48 and a beta of 1.71. Bel Fuse Inc. has a 52 week low of $129.94 and a 52 week high of $335.29.
Bel Fuse Dividend Announcement
Institutional Investors Weigh In On Bel Fuse
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BELFB. State of Wyoming acquired a new position in shares of Bel Fuse in the 1st quarter valued at about $30,000. KBC Group NV acquired a new stake in Bel Fuse during the first quarter worth about $38,000. Signature Equity Partners LLC purchased a new position in Bel Fuse during the first quarter valued at approximately $39,000. PNC Financial Services Group Inc. raised its position in Bel Fuse by 20.2% during the first quarter. PNC Financial Services Group Inc. now owns 286 shares of the electronics maker’s stock valued at $57,000 after acquiring an additional 48 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its holdings in Bel Fuse by 195.0% in the fourth quarter. Clearstead Advisors LLC now owns 590 shares of the electronics maker’s stock valued at $100,000 after acquiring an additional 390 shares during the period. 58.39% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Bel Fuse from $370.00 to $380.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Northland Securities set a $326.00 price target on Bel Fuse in a research report on Friday, July 31st. Zacks Research upgraded Bel Fuse from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Bank of America initiated coverage on Bel Fuse in a report on Tuesday, July 14th. They issued a “buy” rating and a $330.00 price objective on the stock. Finally, B. Riley Financial initiated coverage on Bel Fuse in a research note on Tuesday, July 14th. They issued a “buy” rating for the company. 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.com, Bel Fuse has an average rating of “Moderate Buy” and a consensus price target of $324.00.
View Our Latest Stock Analysis on Bel Fuse
About Bel Fuse
Bel Fuse Inc is a designer, manufacturer and supplier of products used to protect, power and connect electronic circuits. The company serves original equipment manufacturers, contract manufacturers and distributors across a range of industries, including telecommunications, networking, computing, consumer electronics, automotive, industrial, medical, aerospace and defense.
Bel Fuse’s product portfolio includes circuit protection devices, connectors, cable assemblies, discrete components, magnetics, power supplies, power conversion products and related modules.
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