Bel Fuse Inc. (NASDAQ:BELFB) Insider Sells $152,484.00 in 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 business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $127.07, for a total value of $152,484.00. Following the completion of the transaction, the insider owned 14,265 shares of the company's stock, valued at $1,812,653.55. This trade represents a 7.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Bel Fuse Price Performance

BELFB stock traded up $0.96 during trading on Tuesday, reaching $132.47. 60,005 shares of the company were exchanged, compared to its average volume of 115,928. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72. Bel Fuse Inc. has a twelve month low of $57.99 and a twelve month high of $134.74. The company has a 50-day moving average of $95.98 and a two-hundred day moving average of $82.79. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 32.47, a P/E/G ratio of 1.75 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. Stockholders 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 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. Bel Fuse's payout ratio is currently 6.86%.

Institutional Investors Weigh In On Bel Fuse

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in Bel Fuse by 6,826.9% during the first quarter. GAMMA Investing LLC now owns 4,641 shares of the electronics maker's stock worth $347,000 after acquiring an additional 4,574 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Bel Fuse by 26.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,254 shares of the electronics maker's stock valued at $1,670,000 after buying an additional 4,204 shares in the last quarter. Millennium Management LLC bought a new position in shares of Bel Fuse in the fourth quarter valued at $305,000. Teacher Retirement System of Texas bought a new position in shares of Bel Fuse in the first quarter valued at $404,000. Finally, Bessemer Group Inc. bought a new position in shares of Bel Fuse in the first quarter valued at $19,007,000. 58.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BELFB shares. Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a report on Tuesday, June 10th. Needham & Company LLC raised their price objective on shares of Bel Fuse from $116.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Wall Street Zen upgraded shares of Bel Fuse from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 26th. Robert W. Baird initiated coverage on shares of Bel Fuse in a report on Tuesday, June 10th. They set an "outperform" rating and a $88.00 target price for the company. Finally, Northland Securities raised their target price on shares of Bel Fuse from $93.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, June 30th. Five equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Bel Fuse has an average rating of "Buy" and a consensus price target of $113.60.

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.