Bel Fuse (NASDAQ:BELFB) CEO Farouq Salem Ali Tuweiq Sells 33,967 Shares

Bel Fuse Inc. (NASDAQ:BELFB) CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total value of $7,948,278.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Bel Fuse Stock Performance

BELFB opened at $232.12 on Friday. 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 twelve month low of $57.99 and a twelve month high of $248.61. The business’s 50 day moving average is $203.19 and its 200-day moving average is $167.11. The stock has a market cap of $2.94 billion, a PE ratio of 47.28, a price-to-earnings-growth ratio of 2.44 and a beta of 1.56.

Bel Fuse Dividend Announcement

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

Hedge Funds Weigh In On Bel Fuse

A number of large investors have recently modified their holdings of BELFB. Farther Finance Advisors LLC raised its position in Bel Fuse by 365.6% in the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 117 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in Bel Fuse during the 4th quarter worth about $33,000. Jones Financial Companies Lllp lifted 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. boosted its stake in shares of Bel Fuse by 52.5% in 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 last quarter. Finally, Erste Asset Management GmbH acquired a new stake in shares of Bel Fuse during the 4th quarter worth approximately $83,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BELFB has been the topic of a number of recent analyst reports. Needham & Company LLC lifted their price target on shares of Bel Fuse from $212.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Robert W. Baird set a $170.00 price target on shares of Bel Fuse in a report on Friday, October 31st. Oppenheimer set a $180.00 price target on Bel Fuse and gave the company an “outperform” rating in a research report on Friday, October 31st. Wall Street Zen downgraded Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 2nd. Finally, Zacks Research lowered Bel Fuse from a “strong-buy” rating to a “hold” rating in a report on Friday, January 2nd. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Bel Fuse presently has a consensus rating of “Moderate Buy” and an average price target of $196.20.

Bel Fuse Company Profile

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.