Key Points
- Director Peter Gilbert sold 4,500 shares on Feb. 24 at an average of $238.75 for total proceeds of $1,074,375, trimming his stake by 23.02% to 15,047 shares (SEC filing).
- Bel Fuse reported a sizable quarterly beat with EPS $1.88 vs. $1.10 expected and revenue of $175.94M (ROE 21.78%, net margin 9.11%).
- Shares traded down to $205.82 mid-day (1‑year high $227.42) with a $2.61B market cap; analysts have an average Buy rating and a consensus price target of $182.50, while Robert W. Baird set a $250 target.
Bel Fuse Inc. (NASDAQ:BELFA - Get Free Report) Director Peter Gilbert sold 4,500 shares of the firm's stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total transaction of $1,074,375.00. Following the completion of the sale, the director owned 15,047 shares of the company's stock, valued at $3,592,471.25. This trade represents a 23.02% 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 Stock Performance
Shares of BELFA traded down $9.88 during mid-day trading on Thursday, reaching $205.82. The company's stock had a trading volume of 28,125 shares, compared to its average volume of 48,780. The company has a current ratio of 3.02, a quick ratio of 1.71 and a debt-to-equity ratio of 0.46. Bel Fuse Inc. has a 1-year low of $53.95 and a 1-year high of $227.42. The business has a 50-day simple moving average of $183.72 and a two-hundred day simple moving average of $145.78. The stock has a market cap of $2.61 billion, a P/E ratio of 44.26 and a beta of 1.23.
Bel Fuse (NASDAQ:BELFA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.78. Bel Fuse had a return on equity of 21.78% and a net margin of 9.11%.The business had revenue of $175.94 million for the quarter, compared to analysts' expectations of $172.01 million.
Bel Fuse Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be paid a $0.06 dividend. The ex-dividend date is Wednesday, April 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. Bel Fuse's dividend payout ratio is 5.16%.
Institutional Investors Weigh In On Bel Fuse
Several institutional investors and hedge funds have recently bought and sold shares of BELFA. Gabelli Funds LLC grew its stake in Bel Fuse by 0.3% during the second quarter. Gabelli Funds LLC now owns 67,400 shares of the scientific and technical instruments company's stock worth $6,056,000 after buying an additional 200 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Bel Fuse by 13.9% during the 3rd quarter. Vanguard Group Inc. now owns 52,614 shares of the scientific and technical instruments company's stock worth $6,122,000 after acquiring an additional 6,408 shares during the period. Hound Partners LLC bought a new stake in shares of Bel Fuse during the 4th quarter worth approximately $5,714,000. Geode Capital Management LLC boosted its position in shares of Bel Fuse by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 37,606 shares of the scientific and technical instruments company's stock worth $5,709,000 after acquiring an additional 2,674 shares in the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV increased its stake in Bel Fuse by 0.4% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 26,151 shares of the scientific and technical instruments company's stock valued at $3,043,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 6.01% of the company's stock.
Analyst Ratings Changes
Several research firms have recently commented on BELFA. Robert W. Baird set a $250.00 target price on Bel Fuse in a research report on Thursday, February 19th. Weiss Ratings raised Bel Fuse from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $182.50.
Get Our Latest Research Report on Bel Fuse
About Bel Fuse
(
Get Free Report)
Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.
Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.
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