Key Points
- Bel Fuse Director Vincent Vellucci sold 1,000 shares at an average price of $235.15, generating $235,150 and reducing his direct ownership by 11.86% to 7,434 shares. He also sold 393 shares earlier in September.
- Bel Fuse declared a quarterly dividend of $0.07 per share, or $0.28 annually, implying a 0.1% yield and a 6.76% payout ratio.
- Analysts maintain a generally positive outlook, with seven Buy ratings and two Holds producing a consensus “Moderate Buy” rating and an average price target of $324, versus a recent opening price of $231.75.
Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) Director Vincent Vellucci sold 1,000 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $235.15, for a total transaction of $235,150.00. Following the sale, the director directly owned 7,434 shares in the company, valued at $1,748,105.10. This trade represents a 11.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Vincent Vellucci also recently made the following trade(s):
- On Wednesday, September 2nd, Vincent Vellucci sold 393 shares of Bel Fuse stock. The shares were sold at an average price of $243.61, for a total transaction of $95,738.73.
Bel Fuse Stock Performance
BELFB opened at $231.75 on Wednesday. Bel Fuse Inc. has a fifty-two week low of $129.94 and a fifty-two week high of $335.29. The company has a fifty day moving average of $265.04 and a two-hundred day moving average of $257.58. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 55.98, a PEG ratio of 2.48 and a beta of 1.71.
Bel Fuse Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.1%. Bel Fuse's dividend payout ratio (DPR) is 6.76%.
Institutional Investors Weigh In On Bel Fuse
Several large investors have recently bought and sold shares of BELFB. Janus Henderson Group PLC raised its holdings in shares of Bel Fuse by 22.7% during the first quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker's stock valued at $150,587,000 after acquiring an additional 140,804 shares during the last quarter. Wasatch Advisors LP boosted its stake in shares of Bel Fuse by 2.2% in the second quarter. Wasatch Advisors LP now owns 489,414 shares of the electronics maker's stock worth $162,994,000 after acquiring an additional 10,705 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Bel Fuse by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 256,833 shares of the electronics maker's stock worth $50,851,000 after acquiring an additional 1,992 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in shares of Bel Fuse during the fourth quarter worth approximately $42,680,000. Finally, Tidal Investments LLC increased its position in shares of Bel Fuse by 49.4% during the second quarter. Tidal Investments LLC now owns 211,805 shares of the electronics maker's stock worth $70,540,000 after purchasing an additional 70,014 shares in the last quarter. 58.39% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on BELFB shares. B. Riley Financial began coverage on Bel Fuse in a report on Tuesday, July 14th. They issued a "buy" rating for the company. Wall Street Zen upgraded Bel Fuse from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Zacks Research raised Bel Fuse from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Northland Securities set a $326.00 target price on Bel Fuse in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Bel Fuse from $370.00 to $380.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $324.00.
View Our Latest Stock Report on Bel Fuse
Bel Fuse Company Profile
(
Get Free Report)
Bel Fuse Inc is a designer, manufacturer and supplier of products used to protect, power and connect electronic circuits. The company serves original equipment manufacturers, contract manufacturers and distributors across a range of industries, including telecommunications, networking, computing, consumer electronics, automotive, industrial, medical, aerospace and defense.
Bel Fuse's product portfolio includes circuit protection devices, connectors, cable assemblies, discrete components, magnetics, power supplies, power conversion products and related modules.
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