Vincent Vellucci Sells 393 Shares of Bel Fuse (NASDAQ:BELFA) Stock

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

Bel Fuse Stock Performance

BELFA opened at $202.42 on Friday. Bel Fuse Inc. has a one year low of $110.67 and a one year high of $293.51. The company has a market cap of $2.92 billion, a P/E ratio of 51.77 and a beta of 1.39. The business’s 50-day simple moving average is $227.13 and its 200-day simple moving average is $226.31.

Bel Fuse (NASDAQ:BELFA) last posted its earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.42. The firm had revenue of $210.69 million during the quarter, compared to analysts’ expectations of $206.39 million. Bel Fuse had a return on equity of 20.55% and a net margin of 7.21%.

Bel Fuse Dividend Announcement

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 given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, October 15th. Bel Fuse’s payout ratio is currently 6.14%.

Analyst Ratings Changes

BELFA has been the topic of a number of recent analyst reports. Citigroup assumed coverage on shares of Bel Fuse in a research report on Monday, July 13th. They issued a “buy” rating on the stock. Weiss Ratings cut shares of Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 26th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $250.00.

Institutional Investors Weigh In On Bel Fuse

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BELFA. California State Teachers Retirement System boosted its holdings in shares of Bel Fuse by 772,162.1% in the second quarter. California State Teachers Retirement System now owns 671,868 shares of the scientific and technical instruments company’s stock valued at $195,668,000 after acquiring an additional 671,781 shares during the period. Renaissance Technologies LLC raised its position in Bel Fuse by 62.3% in the 1st quarter. Renaissance Technologies LLC now owns 68,253 shares of the scientific and technical instruments company’s stock valued at $12,299,000 after purchasing an additional 26,200 shares during the last quarter. Vanguard Group Inc. boosted its stake in Bel Fuse by 13.9% during the 3rd quarter. Vanguard Group Inc. now owns 52,614 shares of the scientific and technical instruments company’s stock worth $6,122,000 after purchasing an additional 6,408 shares during the period. Hound Partners LLC acquired a new stake in Bel Fuse during the 4th quarter worth $5,714,000. Finally, Geode Capital Management LLC grew its position in Bel Fuse by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 37,606 shares of the scientific and technical instruments company’s stock worth $5,709,000 after purchasing an additional 2,674 shares during the last quarter. Hedge funds and other 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.