Bel Fuse Inc. (NASDAQ:BELFB) VP Sells $336,120.00 in Stock

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) VP Kenneth Koon Keung Lai sold 4,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $84.03, for a total value of $336,120.00. Following the sale, the vice president now owns 12,155 shares of the company's stock, valued at $1,021,384.65. This trade represents a 24.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Bel Fuse Stock Up 2.1%

NASDAQ BELFB traded up $1.81 during mid-day trading on Thursday, reaching $89.16. 98,280 shares of the company's stock traded hands, compared to its average volume of 83,288. The company has a current ratio of 3.31, a quick ratio of 1.83 and a debt-to-equity ratio of 0.76. Bel Fuse Inc. has a 1-year low of $58.00 and a 1-year high of $92.61. The company has a fifty day simple moving average of $74.28 and a 200-day simple moving average of $77.75. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 1.25 and a beta of 1.45.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.50. The business had revenue of $152.24 million during the quarter, compared to the consensus estimate of $147.93 million. Bel Fuse had a net margin of 7.69% and a return on equity of 12.38%. As a group, equities research analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 15th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Tuesday, July 15th. Bel Fuse's payout ratio is currently 8.14%.

Wall Street Analyst Weigh In

BELFB has been the subject of several research analyst reports. Needham & Company LLC cut their price objective on Bel Fuse from $100.00 to $95.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Robert W. Baird initiated coverage on shares of Bel Fuse in a report on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 price target for the company. Craig Hallum initiated coverage on shares of Bel Fuse in a report on Tuesday, March 25th. They set a "buy" rating and a $115.00 price objective on the stock. Baird R W upgraded shares of Bel Fuse to a "strong-buy" rating in a research report on Tuesday, June 10th. Finally, Wall Street Zen downgraded shares of Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $99.60.

Hedge Funds Weigh In On Bel Fuse

Large investors have recently modified their holdings of the stock. CWM LLC boosted its holdings in Bel Fuse by 147.1% in the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock worth $29,000 after purchasing an additional 228 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of Bel Fuse in the 4th quarter worth about $148,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Bel Fuse by 40.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker's stock valued at $222,000 after buying an additional 854 shares during the period. Aristides Capital LLC bought a new stake in shares of Bel Fuse during the 1st quarter valued at about $225,000. Finally, ProShare Advisors LLC bought a new stake in shares of Bel Fuse during the 4th quarter valued at about $240,000. Institutional investors own 58.39% of the company's stock.

Bel Fuse Company Profile

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.