Vincent Vellucci Sells 1,000 Shares of Bel Fuse (NASDAQ:BELFB) Stock

Bel Fuse Inc. (NASDAQ:BELFB) Director Vincent Vellucci sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $235.15, for a total value of $235,150.00. Following the completion of the transaction, the director directly owned 7,434 shares of the company’s stock, valued at $1,748,105.10. This represents a 11.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vincent Vellucci also recently made the following trade(s):

• On Wednesday, September 2nd, Vincent Vellucci sold 393 shares of Bel Fuse stock. The stock was sold at an average price of $243.61, for a total transaction of $95,738.73.

Bel Fuse Stock Performance

BELFB stock opened at $234.60 on Thursday. The company has a market capitalization of $3.39 billion, a P/E ratio of 56.67, a PEG ratio of 2.50 and a beta of 1.71. Bel Fuse Inc. has a 52-week low of $129.94 and a 52-week high of $335.29. The company has a fifty day moving average price of $264.56 and a 200-day moving average price of $257.59.

Bel Fuse Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders 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 yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is presently 6.76%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BELFB shares. Northland Securities set a $326.00 target price on shares of Bel Fuse in a research note on Friday, July 31st. Citigroup initiated coverage on Bel Fuse in a research note on Monday, July 13th. They issued a “buy” rating on the stock. Zacks Research upgraded Bel Fuse from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Wall Street Zen upgraded Bel Fuse from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, JPMorgan Chase & Co. boosted their price target 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $324.00.

Institutional Trading of Bel Fuse

A number of large investors have recently added to or reduced their stakes in BELFB. State of Wyoming purchased a new position in Bel Fuse in the first quarter valued at approximately $30,000. KBC Group NV purchased a new stake in Bel Fuse in the 1st quarter worth approximately $38,000. Signature Equity Partners LLC bought a new stake in Bel Fuse during the first quarter valued at $39,000. PNC Financial Services Group Inc. grew its holdings in shares of Bel Fuse by 20.2% during the first quarter. PNC Financial Services Group Inc. now owns 286 shares of the electronics maker’s stock worth $57,000 after purchasing an additional 48 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in shares of Bel Fuse in the 1st quarter worth $100,000. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Company Profile

Bel Fuse Inc is a designer, manufacturer and supplier of products used to protect, power and connect electronic circuits. The company serves original equipment manufacturers, contract manufacturers and distributors across a range of industries, including telecommunications, networking, computing, consumer electronics, automotive, industrial, medical, aerospace and defense.

Bel Fuse’s product portfolio includes circuit protection devices, connectors, cable assemblies, discrete components, magnetics, power supplies, power conversion products and related modules.