Bel Fuse Inc. (NASDAQ:BELFB) VP Raymond Cheung Sells 1,000 Shares of Stock

Bel Fuse Inc. (NASDAQ:BELFBGet 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

Institutional investors and hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC boosted its holdings in Bel Fuse by 1,481.9% in the 1st quarter. Lazard Asset Management LLC now owns 1,835 shares of the electronics maker’s stock worth $32,000 after buying an additional 1,719 shares during the period. UBS Group AG lifted its stake in Bel Fuse by 105.1% in the 1st quarter. UBS Group AG now owns 2,053 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 1,052 shares in the last quarter. Dorsey Wright & Associates purchased a new stake in Bel Fuse in the 2nd quarter worth approximately $41,000. Advisor Group Holdings Inc. lifted its stake in Bel Fuse by 704.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,619 shares of the electronics maker’s stock worth $65,000 after purchasing an additional 3,169 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in Bel Fuse in the 1st quarter worth approximately $87,000. 49.11% of the stock is owned by institutional investors.

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

(Get Rating)

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.

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