BidaskClub cut shares of Bel Fuse (NASDAQ:BELFB) from a hold rating to a sell rating in a research note published on Wednesday morning.

Shares of Bel Fuse (NASDAQ:BELFB) opened at $25.55 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $315.24, a price-to-earnings ratio of 26.07 and a beta of 0.74. Bel Fuse has a 1-year low of $21.65 and a 1-year high of $33.45.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Monday, January 15th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.28 annualized dividend and a yield of 1.10%. Bel Fuse’s dividend payout ratio (DPR) is 28.57%.

In other news, VP Dennis Ackerman sold 2,500 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $24.63, for a total value of $61,575.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel Bernstein sold 3,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $24.61, for a total value of $73,830.00. The disclosure for this sale can be found here. 8.84% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Bel Fuse by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 775,341 shares of the electronics maker’s stock valued at $24,191,000 after purchasing an additional 11,910 shares during the period. Vanguard Group Inc. boosted its position in shares of Bel Fuse by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 464,998 shares of the electronics maker’s stock valued at $11,486,000 after purchasing an additional 18,985 shares during the period. State Street Corp boosted its position in shares of Bel Fuse by 6.2% in the 2nd quarter. State Street Corp now owns 294,537 shares of the electronics maker’s stock valued at $7,278,000 after purchasing an additional 17,083 shares during the period. Foundry Partners LLC boosted its position in shares of Bel Fuse by 93.6% in the 3rd quarter. Foundry Partners LLC now owns 150,700 shares of the electronics maker’s stock valued at $4,702,000 after purchasing an additional 72,847 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Bel Fuse by 6.5% in the 2nd quarter. Northern Trust Corp now owns 147,735 shares of the electronics maker’s stock valued at $3,649,000 after purchasing an additional 9,045 shares during the period. Institutional investors and hedge funds own 60.36% of the company’s stock.

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Bel Fuse Company Profile

Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.

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