Insider Selling: Bel Fuse Inc. (NASDAQ:BELFB) VP Sells 1,900 Shares of 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 Bel Fuse stock in a transaction on Friday, August 1st. The shares were sold at an average price of $128.00, for a total value of $243,200.00. Following the completion of the sale, the vice president directly owned 10,255 shares of the company's stock, valued at $1,312,640. This trade represents a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 stock was sold at an average price of $84.03, for a total value of $336,120.00.

Bel Fuse Stock Performance

Shares of NASDAQ BELFB traded down $0.30 during trading hours on Wednesday, reaching $131.42. 17,207 shares of the stock were exchanged, compared to its average volume of 116,068. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 32.21, a P/E/G ratio of 1.81 and a beta of 1.52. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.72 and a current ratio of 3.05. Bel Fuse Inc. has a 52 week low of $57.99 and a 52 week high of $134.74. The stock's fifty day simple moving average is $97.14 and its 200 day simple moving average is $83.13.

Bel Fuse Increases Dividend

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

Hedge Funds Weigh In On Bel Fuse

A number of large investors have recently made changes to their positions in the company. CWM LLC boosted its holdings in shares of Bel Fuse by 147.1% in the 1st quarter. CWM LLC now owns 383 shares of the electronics maker's stock valued at $29,000 after purchasing an additional 228 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of 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 valued at $148,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Bel Fuse in the 2nd quarter valued at $202,000. Finally, ProShare Advisors LLC bought a new position in shares of Bel Fuse in the 4th quarter valued at $240,000. Institutional investors own 58.39% of the company's stock.

Wall Street Analyst Weigh In

BELFB has been the topic of several analyst reports. Robert W. Baird initiated coverage on Bel Fuse in a report on Tuesday, June 10th. They set an "outperform" rating and a $88.00 target price on the stock. Wall Street Zen upgraded Bel Fuse from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Oppenheimer set a $125.00 target price on Bel Fuse and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Needham & Company LLC upped their price objective on Bel Fuse from $116.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Finally, Northland Securities upped 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. Five investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Bel Fuse has an average rating of "Buy" and an average 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.