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 Bel Fuse stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total transaction of $80,300.00. Following the sale, the vice president now owns 8,023 shares of the company’s stock, valued at approximately $644,246.90. This represents a 11.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Bel Fuse Price Performance

Shares of BELFB opened at $78.95 on Friday. The stock has a 50 day simple moving average of $79.17 and a 200 day simple moving average of $70.88. Bel Fuse Inc. has a 52-week low of $45.74 and a 52-week high of $85.91. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. The firm has a market capitalization of $990.82 million, a PE 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. Stockholders of record on Wednesday, January 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Wednesday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 6.42%.

Institutional Investors Weigh In On Bel Fuse

A number of hedge funds and other institutional investors have recently made changes to their positions in BELFB. Beach Investment Counsel Inc. PA acquired a new stake in Bel Fuse in the 2nd quarter valued at approximately $25,000. Isthmus Partners LLC acquired a new stake in shares of Bel Fuse in the second quarter valued at approximately $39,000. nVerses Capital LLC bought a new stake in shares of Bel Fuse in the third quarter worth $39,000. Comerica Bank boosted its holdings in Bel Fuse by 223.7% during the first quarter. Comerica Bank now owns 738 shares of the electronics maker’s stock worth $45,000 after purchasing an additional 510 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position 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 purchasing an additional 200 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.