Insider Selling: Bel Fuse Inc. (NASDAQ:BELFB) Insider Sells 194 Shares of Stock

Bel Fuse Inc. (NASDAQ:BELFB - Get Free Report) insider Suzanne Kozlovsky sold 194 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $75.91, for a total transaction of $14,726.54. Following the sale, the insider now directly owns 12,060 shares of the company's stock, valued at approximately $915,474.60. The trade was a 1.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Bel Fuse Stock Performance

Shares of BELFB traded down $1.37 during trading hours on Friday, hitting $73.55. The stock had a trading volume of 122,454 shares, compared to its average volume of 79,502. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 2.92. The firm has a 50-day moving average price of $80.36 and a 200 day moving average price of $79.35. Bel Fuse Inc. has a fifty-two week low of $53.74 and a fifty-two week high of $92.61. The firm has a market capitalization of $922.24 million, a price-to-earnings ratio of 22.49, a PEG ratio of 1.24 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($1.10). The firm had revenue of $149.86 million during the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a net margin of 7.66% and a return on equity of 12.37%. During the same quarter in the prior year, the firm earned $1.29 earnings per share. As a group, research analysts anticipate that Bel Fuse Inc. will post 4.63 EPS for the current year.

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Bel Fuse Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.38%. The ex-dividend date is Tuesday, April 15th. Bel Fuse's payout ratio is presently 8.56%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. StockNews.com lowered shares of Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Oppenheimer assumed coverage on shares of Bel Fuse in a research report on Tuesday, December 17th. They issued an "outperform" rating and a $105.00 price objective for the company. Finally, Needham & Company LLC increased their price objective on shares of Bel Fuse from $95.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Bel Fuse presently has a consensus rating of "Buy" and a consensus target price of $100.00.

Institutional Investors Weigh In On Bel Fuse

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its holdings in shares of Bel Fuse by 55.4% during the fourth quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker's stock worth $32,821,000 after buying an additional 141,951 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Bel Fuse by 10.6% during the fourth quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker's stock worth $29,009,000 after buying an additional 33,768 shares in the last quarter. Advisory Research Inc. grew its holdings in shares of Bel Fuse by 27.4% during the fourth quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker's stock worth $25,850,000 after buying an additional 67,460 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Bel Fuse by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 292,020 shares of the electronics maker's stock worth $24,088,000 after buying an additional 2,722 shares in the last quarter. Finally, Portolan Capital Management LLC grew its holdings in shares of Bel Fuse by 72.5% during the fourth quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker's stock worth $17,193,000 after buying an additional 87,612 shares in the last quarter. Hedge funds and other institutional investors own 58.39% of the company's stock.

About Bel Fuse

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company's products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.