Bel Fuse (NASDAQ:BELFB) VP Kenneth Koon Keung Lai Sells 1,936 Shares

Bel Fuse Inc. (NASDAQ:BELFB) VP Kenneth Koon Keung Lai sold 1,936 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $144.23, for a total transaction of $279,229.28. Following the completion of the transaction, the vice president owned 8,319 shares of the company’s stock, valued at $1,199,849.37. This represents a 18.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Kenneth Koon Keung Lai also recently made the following trade(s):

• On Tuesday, November 18th, Kenneth Koon Keung Lai sold 564 shares of Bel Fuse stock. The shares were sold at an average price of $141.96, for a total value of $80,065.44.

Bel Fuse Stock Performance

Shares of Bel Fuse stock traded up $0.82 on Wednesday, reaching $144.89. 182,418 shares of the stock were exchanged, compared to its average volume of 125,985. The firm has a market capitalization of $1.83 billion, a PE ratio of 27.86, a PEG ratio of 1.86 and a beta of 1.59. The business has a fifty day moving average price of $148.15 and a two-hundred day moving average price of $119.20. Bel Fuse Inc. has a 1-year low of $57.99 and a 1-year high of $167.04. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63.

Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Thursday, January 15th. Bel Fuse’s dividend payout ratio (DPR) is presently 5.38%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Northland Securities set a $188.00 price target on shares of Bel Fuse in a research report on Friday, October 31st. Needham & Company LLC raised their price target on Bel Fuse from $130.00 to $168.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bel Fuse in a report on Wednesday, October 8th. Zacks Research upgraded Bel Fuse from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Finally, Wall Street Zen upgraded shares of Bel Fuse from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Two investment analysts have rated the stock with a Strong Buy rating and six have assigned a Buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $164.20.

Hedge Funds Weigh In On Bel Fuse

Several hedge funds and other institutional investors have recently made changes to their positions in BELFB. NewEdge Advisors LLC acquired a new position in Bel Fuse during the 3rd quarter valued at about $138,000. Castleark Management LLC bought a new stake in shares of Bel Fuse during the 3rd quarter worth $3,410,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Bel Fuse by 94.3% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 1,477 shares of the electronics maker’s stock valued at $207,000 after purchasing an additional 717 shares during the period. Caxton Associates LLP purchased a new position in shares of Bel Fuse in the third quarter worth approximately $963,000. Finally, Dark Forest Capital Management LP purchased a new position in Bel Fuse during the 3rd quarter worth approximately $865,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.