Key Points
- Insider sale: VP Kenneth Koon Keung Lai sold 1,936 shares on Nov. 17 at an average price of $144.23 and 564 shares on Nov. 18 at $141.96, trimming his position by 18.88% to 8,319 shares valued at about $1.2M.
- Dividend announced: Bel Fuse declared a $0.07 quarterly dividend (annualized $0.28), with an ex-dividend date and record date of Jan. 15 and payment on Jan. 30, implying a yield of about 0.2%.
- Analyst optimism: Multiple firms raised targets and ratings (targets up to $180), leaving a consensus "Buy" rating and a consensus price target of $164.20, while the stock has recently risen about 4.1%.
Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) VP Joseph Berry sold 119 shares of the company's stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $141.96, for a total value of $16,893.24. Following the transaction, the vice president directly owned 17,774 shares of the company's stock, valued at $2,523,197.04. This trade represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Joseph Berry also recently made the following trade(s):
- On Monday, November 17th, Joseph Berry sold 408 shares of Bel Fuse stock. The shares were sold at an average price of $144.23, for a total value of $58,845.84.
Bel Fuse Stock Performance
NASDAQ BELFB traded up $2.34 during trading hours on Thursday, hitting $147.23. The company had a trading volume of 49,017 shares, compared to its average volume of 125,629. The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.86 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 1.86 and a beta of 1.59. Bel Fuse Inc. has a fifty-two week low of $57.99 and a fifty-two week high of $167.04. The business has a fifty day simple moving average of $148.15 and a 200-day simple moving average of $119.20.
Bel Fuse Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be paid 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 of this dividend is Thursday, January 15th. Bel Fuse's payout ratio is presently 5.38%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. CWM LLC lifted its holdings in Bel Fuse by 147.1% in the 1st quarter. CWM LLC now owns 383 shares of the electronics maker's stock valued at $29,000 after acquiring an additional 228 shares during the last quarter. GW&K Investment Management LLC lifted its stake in Bel Fuse by 2.1% during the first quarter. GW&K Investment Management LLC now owns 217,998 shares of the electronics maker's stock valued at $16,319,000 after purchasing an additional 4,405 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Bel Fuse by 40.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker's stock worth $222,000 after buying an additional 854 shares in the last quarter. Mackenzie Financial Corp grew its position in Bel Fuse by 5.1% in the first quarter. Mackenzie Financial Corp now owns 6,584 shares of the electronics maker's stock worth $493,000 after buying an additional 320 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Bel Fuse by 1.4% in the first quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker's stock valued at $68,654,000 after buying an additional 12,808 shares in the last quarter. 58.39% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
BELFB has been the topic of several analyst reports. Zacks Research upgraded shares of Bel Fuse from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 5th. Oppenheimer set a $180.00 price objective on Bel Fuse and gave the stock an "outperform" rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Bel Fuse in a research note on Wednesday, October 8th. Wall Street Zen upgraded Bel Fuse from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 1st. Finally, Needham & Company LLC raised their price target on Bel Fuse from $130.00 to $168.00 and gave the company a "buy" rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $164.20.
Get Our Latest Analysis on Bel Fuse
About Bel Fuse
(
Get Free Report)
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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