Bel Fuse Inc. (NASDAQ:BELFB) VP Sells $243,200.00 in Stock

Key Points

• Bel Fuse Inc. Vice President Kenneth Koon Keung Lai sold 1,900 shares of stock for a total of $243,200, reducing his ownership in the company by 15.63%.
• The company announced an increase in its quarterly dividend from $0.06 to $0.07 per share, with the dividend set to be paid on October 31st.
• Recent analyst reports have upgraded Bel Fuse, with target prices raised, reflecting a strong overall rating, including several "strong-buy" designations.

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) VP Kenneth Koon Keung Lai sold 1,900 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $128.00, for a total value of $243,200.00. Following the completion of the transaction, the vice president directly owned 10,255 shares in the company, valued at approximately $1,312,640. This trade represents a 15.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kenneth Koon Keung Lai also recently made the following trade(s):

• On Friday, June 13th, Kenneth Koon Keung Lai sold 4,000 shares of Bel Fuse stock. The shares were sold at an average price of $84.03, for a total transaction of $336,120.00.

Bel Fuse Price Performance

BELFB stock traded up $2.35 during trading on Friday, hitting $134.96. The stock had a trading volume of 9,097 shares, compared to its average volume of 115,580. Bel Fuse Inc. has a twelve month low of $57.99 and a twelve month high of $136.00. The company's 50-day moving average price is $99.49 and its two-hundred day moving average price is $83.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72. The stock has a market capitalization of $1.71 billion, a P/E ratio of 33.11, a PEG ratio of 1.80 and a beta of 1.52.

Bel Fuse Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.28 annualized dividend and a yield of 0.2%. This is an increase from Bel Fuse's previous quarterly dividend of $0.06. Bel Fuse's dividend payout ratio is currently 6.86%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in shares of Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 228 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in Bel Fuse in the 2nd quarter valued at $50,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Bel Fuse in the 4th quarter worth $148,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Bel Fuse during the 2nd quarter worth $202,000. Finally, ProShare Advisors LLC acquired a new position in shares of Bel Fuse during the 2nd quarter valued at about $208,000. Hedge funds and other institutional investors own 58.39% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on BELFB shares. Wall Street Zen raised Bel Fuse from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 26th. Needham & Company LLC lifted their price objective on shares of Bel Fuse from $116.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, July 25th. Baird R W raised Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Oppenheimer set a $125.00 price target on Bel Fuse and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Northland Securities raised their price objective on Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Five analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company 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.