Joseph Berry Sells 408 Shares of Bel Fuse (NASDAQ:BELFB) Stock

Bel Fuse Inc. (NASDAQ:BELFB) VP Joseph Berry sold 408 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $144.23, for a total value of $58,845.84. Following the transaction, the vice president owned 17,893 shares of the company’s stock, valued at approximately $2,580,707.39. The trade was a 2.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Joseph Berry also recently made the following trade(s):

• On Tuesday, November 18th, Joseph Berry sold 119 shares of Bel Fuse stock. The shares were sold at an average price of $141.96, for a total value of $16,893.24.

Bel Fuse Stock Performance

NASDAQ BELFB opened at $134.36 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.05 and a quick ratio of 1.72. Bel Fuse Inc. has a 1-year low of $57.99 and a 1-year high of $167.04. The business has a 50 day simple moving average of $147.87 and a two-hundred day simple moving average of $119.30. The stock has a market capitalization of $1.70 billion, a PE ratio of 25.84, a P/E/G ratio of 1.86 and a beta of 1.59.

Bel Fuse Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be issued a $0.07 dividend. The ex-dividend date is Thursday, January 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.2%. Bel Fuse’s payout ratio is 5.38%.

Institutional Trading of Bel Fuse

Several hedge funds have recently made changes to their positions in BELFB. Vanguard Group Inc. boosted its holdings in Bel Fuse by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 917,097 shares of the electronics maker’s stock valued at $68,654,000 after acquiring an additional 12,808 shares during the period. Herald Investment Management Ltd increased its stake in Bel Fuse by 25.0% in the first quarter. Herald Investment Management Ltd now owns 30,000 shares of the electronics maker’s stock valued at $2,239,000 after purchasing an additional 6,000 shares during the last quarter. Koss Olinger Consulting LLC purchased a new position in shares of Bel Fuse during the first quarter worth about $639,000. Nuveen LLC purchased a new stake in Bel Fuse in the first quarter valued at approximately $2,069,000. Finally, Russell Investments Group Ltd. boosted its stake in Bel Fuse by 31.8% during the 1st quarter. Russell Investments Group Ltd. now owns 50,886 shares of the electronics maker’s stock worth $3,809,000 after purchasing an additional 12,269 shares during the period. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Analyst Upgrades and Downgrades

BELFB has been the subject of several recent research reports. Wall Street Zen upgraded Bel Fuse from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 1st. Northland Securities set a $188.00 price target on Bel Fuse in a report on Friday, October 31st. Needham & Company LLC lifted their price target on Bel Fuse from $130.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Bel Fuse in a research report on Wednesday, October 8th. Finally, Oppenheimer set a $180.00 price target on shares of Bel Fuse and gave the company an “outperform” rating in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $164.20.

Bel Fuse Company Profile

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.