Peter Gilbert Sells 500 Shares of Bel Fuse (NASDAQ:BELFB) Stock

Bel Fuse Inc. (NASDAQ:BELFB) Director Peter Gilbert sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $292.12, for a total transaction of $146,060.00. Following the sale, the director directly owned 750 shares of the company’s stock, valued at approximately $219,090. This trade represents a 40.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Bel Fuse Stock Up 1.4%

Bel Fuse stock opened at $290.08 on Friday. Bel Fuse Inc. has a 12-month low of $124.42 and a 12-month high of $335.29. The firm’s fifty day moving average is $283.50 and its 200 day moving average is $253.03. The company has a market capitalization of $4.19 billion, a PE ratio of 70.07, a PEG ratio of 3.07 and a beta of 1.72.

Bel Fuse Announces Dividend

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

Hedge Funds Weigh In On Bel Fuse

Several large investors have recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Bel Fuse in the fourth quarter valued at approximately $843,000. Janus Henderson Group PLC grew its holdings in Bel Fuse by 22.7% during 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 in the last quarter. Principal Financial Group Inc. purchased a new stake in Bel Fuse in the 1st quarter valued at $2,915,000. California State Teachers Retirement System raised its position in Bel Fuse by 37.2% in the 1st quarter. California State Teachers Retirement System now owns 13,217 shares of the electronics maker’s stock valued at $2,617,000 after buying an additional 3,585 shares during the last quarter. Finally, Rothschild Wealth LLC bought a new position in Bel Fuse during the 4th quarter valued at $2,383,000. Institutional investors own 58.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on BELFB. Northland Securities set a $326.00 target price on Bel Fuse in a research note on Friday, July 31st. Wall Street Zen raised Bel Fuse from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Robert W. Baird set a $293.00 price target on Bel Fuse in a research note on Friday, May 1st. Oppenheimer reiterated an “outperform” rating and issued a $315.00 price target on shares of Bel Fuse in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their price objective on Bel Fuse from $370.00 to $380.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $324.00.

About Bel Fuse

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.