Joseph Francis Berry Sells 1,000 Shares of Bel Fuse Inc. (NASDAQ:BELFB) Stock

Bel Fuse Inc. (NASDAQ:BELFB) VP Joseph Francis Berry sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the transaction, the vice president now owns 8,023 shares of the company’s stock, valued at $644,246.90. This trade represents a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bel Fuse Stock Performance

Shares of BELFB stock opened at $78.95 on Thursday. The company has a quick ratio of 2.71, a current ratio of 4.00 and a debt-to-equity ratio of 0.16. Bel Fuse Inc. has a 52 week low of $45.74 and a 52 week high of $85.91. The firm has a 50 day moving average of $79.21 and a 200-day moving average of $70.82. The company has a market cap of $990.82 million, a price-to-earnings ratio of 18.11 and a beta of 1.35.

Bel Fuse Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.35%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 6.42%.

Wall Street Analyst Weigh In

Several research firms have issued reports on BELFB. Needham & Company LLC raised their price target on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, November 18th. StockNews.com lowered shares of Bel Fuse from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 2nd. Northland Securities increased their price target on Bel Fuse from $80.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Finally, Northland Capmk raised Bel Fuse from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 5th.

Hedge Funds Weigh In On Bel Fuse

Several institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its position in shares of Bel Fuse by 26.5% during the third quarter. Victory Capital Management Inc. now owns 40,321 shares of the electronics maker’s stock worth $3,166,000 after purchasing an additional 8,442 shares during the period. Tectonic Advisors LLC raised its holdings in Bel Fuse by 80.7% during the third quarter. Tectonic Advisors LLC now owns 17,742 shares of the electronics maker’s stock worth $1,393,000 after buying an additional 7,922 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of Bel Fuse by 168.0% in the third quarter. Pinnacle Associates Ltd. now owns 36,680 shares of the electronics maker’s stock valued at $2,880,000 after buying an additional 22,995 shares in the last quarter. Roubaix Capital LLC grew its holdings in shares of Bel Fuse by 16.4% during the third quarter. Roubaix Capital LLC now owns 64,399 shares of the electronics maker’s stock valued at $5,056,000 after buying an additional 9,069 shares during the last quarter. Finally, Creative Planning increased its position in shares of Bel Fuse by 56.3% during the third quarter. Creative Planning now owns 8,240 shares of the electronics maker’s stock worth $647,000 after acquiring an additional 2,968 shares in the last quarter. Institutional investors and hedge funds own 58.39% of the company’s stock.

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.