Insider Selling: Bel Fuse Inc. (NASDAQ:BELFB) Insider Sells $14,726.54 in Stock

Bel Fuse Inc. (NASDAQ:BELFB) insider Suzanne Kozlovsky sold 194 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $75.91, for a total value of $14,726.54. Following the completion of the sale, the insider now directly owns 12,060 shares of the company’s stock, valued at $915,474.60. The trade was a 1.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Bel Fuse Price Performance

Shares of NASDAQ BELFB opened at $74.92 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The stock has a fifty day moving average price of $80.43 and a 200 day moving average price of $79.31. Bel Fuse Inc. has a 1-year low of $53.74 and a 1-year high of $92.61. The company has a market cap of $939.42 million, a PE ratio of 22.91, a P/E/G ratio of 1.24 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFB) last issued its quarterly earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.96 by ($1.10). Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. The company had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. During the same period in the prior year, the business earned $1.29 earnings per share. Sell-side analysts forecast that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.37%. The ex-dividend date is Tuesday, April 15th. Bel Fuse’s dividend payout ratio is presently 8.56%.

Institutional Investors Weigh In On Bel Fuse

Several hedge funds have recently modified their holdings of BELFB. KLP Kapitalforvaltning AS acquired a new stake in Bel Fuse in the fourth quarter valued at $148,000. BNP Paribas Financial Markets lifted its holdings in Bel Fuse by 10.0% in the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after acquiring an additional 200 shares during the period. ProShare Advisors LLC acquired a new stake in Bel Fuse in the fourth quarter valued at $240,000. Kovitz Investment Group Partners LLC acquired a new stake in Bel Fuse in the third quarter valued at $288,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in Bel Fuse in the fourth quarter valued at $298,000. 58.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BELFB. Needham & Company LLC increased their price objective on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Oppenheimer began coverage on Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price objective for the company. Finally, StockNews.com downgraded Bel Fuse from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $100.00.

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.