Bel Fuse Inc. (NASDAQ:BELFB – Get Rating) VP Raymond Cheung sold 1,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $24.30, for a total transaction of $24,300.00. Following the completion of the sale, the vice president now owns 37,000 shares of the company’s stock, valued at approximately $899,100. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Bel Fuse Stock Up 0.1 %
Bel Fuse stock opened at $24.97 on Friday. Bel Fuse Inc. has a twelve month low of $11.58 and a twelve month high of $25.37. The firm has a 50 day moving average price of $17.60 and a 200-day moving average price of $16.33. The company has a market capitalization of $312.62 million, a P/E ratio of 8.61 and a beta of 1.64. The company has a quick ratio of 1.56, a current ratio of 2.80 and a debt-to-equity ratio of 0.50.
Bel Fuse Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 1st. Investors of record on Friday, October 14th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, October 13th. Bel Fuse’s dividend payout ratio (DPR) is presently 9.66%.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on BELFB shares. StockNews.com upgraded shares of Bel Fuse from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Needham & Company LLC increased their target price on shares of Bel Fuse from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, July 29th.
Bel Fuse Company Profile
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, e-Mobility and broadcasting, and consumer electronic industries in the United States, Macao, the United Kingdom, Slovakia, Germany, Switzerland, and internationally.
- Get a free copy of the StockNews.com research report on Bel Fuse (BELFB)
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