Insider Selling: Bel Fuse (NASDAQ:BELFB) Director Sells $95,738.73 in Stock

Bel Fuse Inc. (NASDAQ:BELFB) Director Vincent Vellucci sold 393 shares of Bel Fuse stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $243.61, for a total transaction of $95,738.73. Following the completion of the sale, the director owned 8,434 shares of the company’s stock, valued at approximately $2,054,606.74. This trade represents a 4.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Bel Fuse Price Performance

BELFB opened at $243.79 on Monday. The stock has a market capitalization of $3.52 billion, a PE ratio of 58.89, a P/E/G ratio of 2.63 and a beta of 1.71. The firm’s fifty day moving average price is $271.77 and its 200 day moving average price is $257.08. Bel Fuse Inc. has a 12-month low of $129.94 and a 12-month high of $335.29.

Bel Fuse Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Thursday, October 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Thursday, October 15th. Bel Fuse’s payout ratio is currently 6.76%.

Institutional Trading of Bel Fuse

Institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its position in Bel Fuse by 32,929.3% during the 2nd quarter. California State Teachers Retirement System now owns 4,365,488 shares of the electronics maker’s stock valued at $1,453,882,000 after purchasing an additional 4,352,271 shares during the period. Price T Rowe Associates Inc. MD increased its position in Bel Fuse by 74.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 834,261 shares of the electronics maker’s stock worth $141,517,000 after buying an additional 355,563 shares during the period. Janus Henderson Group PLC increased its position in Bel Fuse by 22.7% in the first quarter. Janus Henderson Group PLC now owns 760,141 shares of the electronics maker’s stock worth $150,587,000 after buying an additional 140,804 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Bel Fuse by 45.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 519,005 shares of the electronics maker’s stock valued at $88,039,000 after buying an additional 161,736 shares during the last quarter. Finally, Wasatch Advisors LP lifted its stake in Bel Fuse by 2.2% in the second quarter. Wasatch Advisors LP now owns 489,414 shares of the electronics maker’s stock valued at $162,994,000 after buying an additional 10,705 shares during the last quarter. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup initiated coverage on Bel Fuse in a report on Monday, July 13th. They set a “buy” rating on the stock. JPMorgan Chase & Co. upped their price target on Bel Fuse from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Zacks Research upgraded Bel Fuse from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Wall Street Zen raised shares of Bel Fuse from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, B. Riley Financial began coverage on shares of Bel Fuse in a report on Tuesday, July 14th. They set a “buy” rating on the stock. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Bel Fuse presently has an average rating of “Moderate Buy” and a consensus target price of $324.00.

Bel Fuse Company Profile

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.