Peter Gilbert Sells 4,500 Shares of Bel Fuse (NASDAQ:BELFA) Stock

Bel Fuse Inc. (NASDAQ:BELFA) Director Peter Gilbert sold 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total value of $1,074,375.00. Following the completion of the sale, the director owned 15,047 shares in the company, valued at approximately $3,592,471.25. This represents a 23.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bel Fuse Stock Performance

BELFA stock traded up $4.62 during trading on Wednesday, reaching $220.32. 13,186 shares of the company’s stock were exchanged, compared to its average volume of 56,617. Bel Fuse Inc. has a 1-year low of $53.95 and a 1-year high of $227.42. The firm has a market cap of $2.79 billion, a PE ratio of 47.23 and a beta of 1.23. The company’s fifty day moving average price is $182.23 and its 200-day moving average price is $145.27. The company has a quick ratio of 1.71, a current ratio of 3.02 and a debt-to-equity ratio of 0.46.

Bel Fuse (NASDAQ:BELFA) last issued its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.78. The business had revenue of $175.94 million for the quarter, compared to analysts’ expectations of $172.01 million. Bel Fuse had a net margin of 9.11% and a return on equity of 21.78%.

Bel Fuse Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is currently 5.16%.

Analyst Ratings Changes

BELFA has been the subject of a number of research reports. Robert W. Baird set a $250.00 price target on Bel Fuse in a research note on Thursday, February 19th. Weiss Ratings upgraded Bel Fuse from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat.com, Bel Fuse presently has an average rating of “Buy” and an average target price of $182.50.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in Bel Fuse by 92.2% during the third quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 153 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in Bel Fuse in the fourth quarter worth about $61,000. Tower Research Capital LLC TRC lifted its stake in Bel Fuse by 447.1% during the second quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after purchasing an additional 608 shares during the period. Deutsche Bank AG bought a new stake in shares of Bel Fuse in the 4th quarter valued at approximately $111,000. Finally, Rhumbline Advisers raised its holdings in shares of Bel Fuse by 41.5% in the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock worth $188,000 after buying an additional 767 shares in the last quarter. Institutional investors own 6.01% of the company’s stock.

About Bel Fuse

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.