Bel Fuse (NASDAQ:BELFB) Director Peter Gilbert Sells 4,500 Shares

Key Points

  • Director Peter Gilbert sold 4,500 shares on Feb. 24 at an average price of $238.75 for about $1.07 million, reducing his holding by 23.02% to 15,047 shares valued at roughly $3.59 million.
  • Shares traded down 5.0% to $222.96 during mid-day trading (volume 8,943 vs. avg. 172,542), with a 52-week range of $57.99–$248.61, a market cap of $2.82 billion and a P/E of 45.61.
  • Bel Fuse announced a quarterly dividend of $0.07 per share (annualized $0.28, yield ~0.1%) with an ex-dividend date of April 15 and payment on May 1.

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) Director Peter Gilbert sold 4,500 shares of the business's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $238.75, for a total value of $1,074,375.00. Following the sale, the director owned 15,047 shares in the company, valued at approximately $3,592,471.25. This trade represents a 23.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Bel Fuse Trading Down 5.0%

Shares of BELFB traded down $11.71 during mid-day trading on Thursday, reaching $222.96. 8,943 shares of the company were exchanged, compared to its average volume of 172,542. Bel Fuse Inc. has a 52 week low of $57.99 and a 52 week high of $248.61. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02. The business has a 50 day simple moving average of $201.88 and a two-hundred day simple moving average of $166.66. The stock has a market capitalization of $2.82 billion, a PE ratio of 45.61, a PEG ratio of 2.49 and a beta of 1.56.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, April 15th. Bel Fuse's payout ratio is currently 5.70%.

Institutional Trading of Bel Fuse




Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in Bel Fuse in the second quarter worth approximately $358,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Bel Fuse in the 3rd quarter worth $492,000. Inspire Investing LLC bought a new position in shares of Bel Fuse during the 3rd quarter worth $990,000. Sierra Summit Advisors LLC purchased a new position in shares of Bel Fuse during the second quarter valued at $906,000. Finally, SG Capital Management LLC bought a new stake in shares of Bel Fuse in the second quarter valued at about $2,074,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Bel Fuse in a research report on Monday, December 29th. Zacks Research cut shares of Bel Fuse from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 2nd. Robert W. Baird set a $170.00 price target on shares of Bel Fuse in a research note on Friday, October 31st. Oppenheimer set a $180.00 price objective on Bel Fuse and gave the company an "outperform" rating in a research note on Friday, October 31st. Finally, Wall Street Zen downgraded Bel Fuse from a "strong-buy" rating to a "buy" rating in a research report on Monday, February 2nd. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $196.20.

Check Out Our Latest Stock Analysis on Bel Fuse

Bel Fuse Company Profile

(Get Free Report)

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.

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