Bel Fuse (NASDAQ:BELFB) Director Vincent Vellucci Sells 393 Shares

Bel Fuse Inc. (NASDAQ:BELFB) Director Vincent Vellucci sold 393 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $243.61, for a total transaction of $95,738.73. Following the completion of the sale, the director directly owned 8,434 shares in the company, valued at $2,054,606.74. This trade represents a 4.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Bel Fuse Stock Performance

NASDAQ:BELFB opened at $243.79 on Friday. The company has a 50-day moving average of $271.77 and a 200-day moving average of $256.91. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 58.89, a PEG ratio of 2.58 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.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, October 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.1%. Bel Fuse’s dividend payout ratio (DPR) is currently 6.76%.

Hedge Funds Weigh In On Bel Fuse

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its stake in shares of Bel Fuse by 365.6% in the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock valued at $25,000 after buying an additional 117 shares in the last quarter. State of Wyoming acquired a new position in Bel Fuse during the 1st quarter worth about $30,000. Kemnay Advisory Services Inc. bought a new stake in Bel Fuse during the 4th quarter worth about $33,000. KBC Group NV bought a new position in shares of Bel Fuse in the first quarter worth about $38,000. Finally, Signature Equity Partners LLC bought a new position in shares of Bel Fuse in the first quarter worth about $39,000. Institutional investors and hedge funds own 58.39% of the company’s stock.

Analyst Ratings Changes

BELFB has been the topic of several analyst reports. B. Riley Financial started coverage on Bel Fuse in a research note on Tuesday, July 14th. They issued a “buy” rating on the stock. Weiss Ratings downgraded Bel Fuse from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, August 25th. Northland Securities set a $326.00 price target on Bel Fuse in a research note on Friday, July 31st. JPMorgan Chase & Co. upped their price target on Bel Fuse from $370.00 to $380.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Citigroup assumed coverage on Bel Fuse in a research note on Monday, July 13th. They set a “buy” rating for the company. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Bel Fuse currently has an average rating of “Moderate Buy” and an average price target of $324.00.

About Bel Fuse

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.