Key Points
- Joseph Berry, a VP at Bel Fuse, sold 408 shares on Nov. 17 at an average price of $144.23 for $58,845.84, reducing his ownership by about 2.23% to 17,893 shares valued at roughly $2.58M.
- Bel Fuse shares were trading at $144.89 with a market cap of $1.83 billion and a 52‑week range of $57.99 to $167.04, with the 50‑day and 200‑day moving averages at $148.15 and $119.20 respectively.
- Analysts are broadly positive on the stock — consensus rating is Buy with an average price target of $164.20, and several firms recently upgraded Bel Fuse or set targets in the $180–$188 range.
Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) VP Joseph Berry sold 408 shares of the company's stock in a transaction on Monday, November 17th. The stock was sold at an average price of $144.23, for a total value of $58,845.84. Following the sale, the vice president owned 17,893 shares of the company's stock, valued at approximately $2,580,707.39. This represents a 2.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Joseph Berry also recently made the following trade(s):
- On Tuesday, November 18th, Joseph Berry sold 119 shares of Bel Fuse stock. The shares were sold at an average price of $141.96, for a total value of $16,893.24.
Bel Fuse Price Performance
NASDAQ BELFB traded up $0.82 during trading on Wednesday, hitting $144.89. 182,418 shares of the company's stock were exchanged, compared to its average volume of 125,985. The company has a market cap of $1.83 billion, a PE ratio of 27.86, a P/E/G ratio of 1.86 and a beta of 1.59. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. Bel Fuse Inc. has a fifty-two week low of $57.99 and a fifty-two week high of $167.04. The stock's 50 day moving average price is $148.15 and its two-hundred day moving average price is $119.20.
Bel Fuse Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Thursday, January 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Thursday, January 15th. Bel Fuse's dividend payout ratio is currently 5.38%.
Institutional Investors Weigh In On Bel Fuse
A number of institutional investors have recently made changes to their positions in the stock. CWM LLC raised its position in shares of Bel Fuse by 147.1% during the first quarter. CWM LLC now owns 383 shares of the electronics maker's stock worth $29,000 after acquiring an additional 228 shares during the last quarter. Jones Financial Companies Lllp increased its position in Bel Fuse by 139.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker's stock valued at $37,000 after purchasing an additional 151 shares during the period. Federated Hermes Inc. increased its position in Bel Fuse by 52.5% during the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker's stock valued at $47,000 after purchasing an additional 115 shares during the period. Ameritas Advisory Services LLC bought a new position in Bel Fuse during the 2nd quarter worth approximately $50,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Bel Fuse in the 3rd quarter worth approximately $78,000. Institutional investors own 58.39% of the company's stock.
Analysts Set New Price Targets
A number of research firms have weighed in on BELFB. Wall Street Zen raised shares of Bel Fuse from a "buy" rating to a "strong-buy" rating in a research note on Saturday, November 1st. Zacks Research raised Bel Fuse from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 5th. Oppenheimer set a $180.00 target price on Bel Fuse and gave the stock an "outperform" rating in a report on Friday, October 31st. Northland Securities set a $188.00 target price on Bel Fuse in a research report on Friday, October 31st. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Bel Fuse in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to data from MarketBeat.com, Bel Fuse has a consensus rating of "Buy" and an average price target of $164.20.
Get Our Latest Research Report on Bel Fuse
About Bel Fuse
(
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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.
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