Bel Fuse Inc. (NASDAQ:BELFB) VP Dennis Ackerman sold 2,500 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $24.63, for a total transaction of $61,575.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Bel Fuse Inc. (BELFB) opened at $25.70 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.66 and a quick ratio of 1.59. Bel Fuse Inc. has a 1-year low of $21.65 and a 1-year high of $33.60. The company has a market cap of $309.82, a price-to-earnings ratio of 19.66 and a beta of 0.83.

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Separately, BidaskClub lowered shares of Bel Fuse from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th.

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of Bel Fuse by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 66,016 shares of the electronics maker’s stock worth $1,687,000 after buying an additional 2,321 shares during the period. Vanguard Group Inc. grew its position in shares of Bel Fuse by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 446,013 shares of the electronics maker’s stock worth $11,396,000 after buying an additional 24,686 shares during the period. Russell Investments Group Ltd. grew its position in shares of Bel Fuse by 239.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 65,657 shares of the electronics maker’s stock worth $1,622,000 after buying an additional 46,319 shares during the period. Bank of America Corp DE grew its position in shares of Bel Fuse by 64.0% in the 1st quarter. Bank of America Corp DE now owns 13,753 shares of the electronics maker’s stock worth $351,000 after buying an additional 5,366 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Bel Fuse by 18.7% in the 1st quarter. Renaissance Technologies LLC now owns 479,717 shares of the electronics maker’s stock worth $12,257,000 after buying an additional 75,700 shares during the period. Institutional investors and hedge funds own 59.30% of the company’s stock.

About Bel Fuse

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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