Bel Fuse Inc. (BELFA) CEO Daniel Bernstein Sells 3,000 Shares
Bel Fuse Inc. (NASDAQ:BELFA) CEO Daniel Bernstein sold 3,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $24.61, for a total value of $73,830.00. Following the completion of the sale, the chief executive officer now owns 15,000 shares in the company, valued at $369,150. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Bel Fuse Inc. (NASDAQ:BELFA) traded down $0.13 during trading hours on Monday, hitting $21.87. The company had a trading volume of 800 shares, compared to its average volume of 1,828. 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 $263.14, a P/E ratio of 17.09 and a beta of 0.89. Bel Fuse Inc. has a 12 month low of $18.80 and a 12 month high of $29.90.
Bel Fuse (NASDAQ:BELFA) last posted its earnings results on Friday, November 3rd. The scientific and technical instruments company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.12). The firm had revenue of $126.39 million during the quarter. Bel Fuse had a return on equity of 9.80% and a net margin of 2.50%.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, October 13th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $0.24 dividend on an annualized basis and a yield of 1.10%. Bel Fuse’s dividend payout ratio (DPR) is presently 25.00%.
An institutional investor recently raised its position in Bel Fuse stock. Russell Investments Group Ltd. raised its stake in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 211.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,817 shares of the scientific and technical instruments company’s stock after purchasing an additional 14,816 shares during the period. Russell Investments Group Ltd. owned 0.18% of Bel Fuse worth $581,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 7.98% of the stock is currently owned by institutional investors and hedge funds.
Separately, TheStreet upgraded Bel Fuse from a “c” rating to a “b-” rating in a research report on Friday, August 4th.
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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