Stephen Dawson Sells 1,200 Shares of Bel Fuse Inc. (NASDAQ:BELFB) Stock

Key Points

• Stephen Dawson, an insider at Bel Fuse Inc., sold 1,200 shares of the company at an average price of $127.07, totaling approximately $152,484, which decreased his overall position by 7.76%.
• As of recent trading, Bel Fuse's stock price was around $127.55, with a market capitalization of $1.62 billion and a PE ratio of 31.24.
• Several analysts upgraded their ratings for Bel Fuse, with a consensus rating of "Buy" and a consensus price target of $113.60.

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) insider Stephen Dawson sold 1,200 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $127.07, for a total transaction of $152,484.00. Following the completion of the sale, the insider owned 14,265 shares of the company's stock, valued at approximately $1,812,653.55. This represents a 7.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Bel Fuse Stock Performance

NASDAQ BELFB traded down $2.49 on Friday, hitting $127.55. 120,421 shares of the stock were exchanged, compared to its average volume of 115,004. The company has a market capitalization of $1.62 billion, a PE ratio of 31.24, a P/E/G ratio of 1.73 and a beta of 1.51. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.05 and a quick ratio of 1.72. The business's fifty day moving average is $93.70 and its 200 day moving average is $82.06. Bel Fuse Inc. has a 52 week low of $57.99 and a 52 week high of $131.68.

Hedge Funds Weigh In On Bel Fuse

Hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC increased its stake in shares of Bel Fuse by 147.1% during 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. Ameritas Advisory Services LLC acquired a new stake in shares of Bel Fuse during the second quarter worth $50,000. KLP Kapitalforvaltning AS bought a new stake in shares of Bel Fuse in the fourth quarter valued at about $148,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Bel Fuse in the second quarter valued at about $202,000. Finally, ProShare Advisors LLC bought a new position in Bel Fuse during the fourth quarter worth about $240,000. Institutional investors own 58.39% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BELFB shares. Baird R W upgraded Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Oppenheimer set a $125.00 price objective on Bel Fuse and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Needham & Company LLC boosted their target price on Bel Fuse from $116.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Northland Securities raised their price target on shares of Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Finally, Wall Street Zen upgraded shares of Bel Fuse from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Five research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus 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.

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