Bel Fuse (NASDAQ:BELFB) Director Sells 500 Shares

Bel Fuse Inc. (NASDAQ:BELFB) Director Peter Gilbert sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total transaction of $146,060.00. Following the transaction, the director directly owned 750 shares in the company, valued at $219,090. This represents a 40.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Bel Fuse Stock Up 2.2%

Shares of BELFB traded up $6.38 during trading hours on Friday, hitting $292.39. 62,861 shares of the company were exchanged, compared to its average volume of 238,933. The firm’s fifty day moving average is $282.95 and its 200 day moving average is $252.77. Bel Fuse Inc. has a fifty-two week low of $124.42 and a fifty-two week high of $335.29. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 70.63, a P/E/G ratio of 3.12 and a beta of 1.72.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Thursday, October 15th will be paid a $0.07 dividend. The ex-dividend date is Thursday, October 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is presently 6.76%.

Institutional Trading of Bel Fuse

Hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in Bel Fuse by 74.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock valued at $141,517,000 after buying an additional 355,563 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Bel Fuse by 22.7% during the 1st quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock worth $150,587,000 after acquiring an additional 140,804 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Bel Fuse by 45.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock valued at $88,039,000 after acquiring an additional 161,736 shares during the period. Wasatch Advisors LP raised its stake in shares of Bel Fuse by 2.2% during the second quarter. Wasatch Advisors LP now owns 489,414 shares of the electronics maker’s stock valued at $162,994,000 after acquiring an additional 10,705 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Bel Fuse by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 267,950 shares of the electronics maker’s stock valued at $45,460,000 after acquiring an additional 2,803 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Bank of America initiated coverage on Bel Fuse in a research report on Tuesday, July 14th. They set a “buy” rating and a $330.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on Bel Fuse from $370.00 to $380.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Robert W. Baird set a $293.00 price target on shares of Bel Fuse in a research note on Friday, May 1st. Needham & Company LLC lifted their price target on shares of Bel Fuse from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Bel Fuse from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $324.00.

About Bel Fuse

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.