Suzanne Kozlovsky Sells 194 Shares of Bel Fuse Inc. (NASDAQ:BELFB) Stock

Bel Fuse Inc. (NASDAQ:BELFB) insider Suzanne Kozlovsky sold 194 shares of Bel Fuse stock in a transaction on Monday, March 17th. The shares were sold at an average price of $75.91, for a total value of $14,726.54. Following the completion of the transaction, the insider now owns 12,060 shares of the company’s stock, valued at approximately $915,474.60. This trade represents a 1.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Bel Fuse Stock Performance

Shares of BELFB traded down $1.14 during midday trading on Tuesday, reaching $74.09. 46,529 shares of the stock were exchanged, compared to its average volume of 79,675. The business’s 50-day moving average price is $80.67 and its 200 day moving average price is $79.31. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. Bel Fuse Inc. has a twelve month low of $53.74 and a twelve month high of $92.61. The company has a market capitalization of $929.06 million, a price-to-earnings ratio of 22.66, a PEG ratio of 1.24 and a beta of 1.12.

Bel Fuse (NASDAQ:BELFB) last posted its earnings results on Tuesday, February 18th. The electronics maker reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.10). The firm had revenue of $149.86 million for the quarter, compared to analyst estimates of $126.41 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. During the same quarter last year, the firm posted $1.29 EPS. On average, sell-side analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current fiscal year.

Bel Fuse Announces Dividend

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

Hedge Funds Weigh In On Bel Fuse

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its position in Bel Fuse by 55.4% during the 4th quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker’s stock worth $32,821,000 after purchasing an additional 141,951 shares during the period. American Century Companies Inc. increased its position in Bel Fuse by 10.6% during the 4th quarter. American Century Companies Inc. now owns 351,755 shares of the electronics maker’s stock worth $29,009,000 after purchasing an additional 33,768 shares during the period. Advisory Research Inc. increased its position in Bel Fuse by 27.4% during the 4th quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker’s stock worth $25,850,000 after purchasing an additional 67,460 shares during the period. Geode Capital Management LLC increased its position in Bel Fuse by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 292,020 shares of the electronics maker’s stock worth $24,088,000 after purchasing an additional 2,722 shares during the period. Finally, Portolan Capital Management LLC increased its position in Bel Fuse by 72.5% during the 4th quarter. Portolan Capital Management LLC now owns 208,470 shares of the electronics maker’s stock worth $17,193,000 after purchasing an additional 87,612 shares during the period. Institutional investors and hedge funds own 58.39% of the company’s stock.

Analyst Upgrades and Downgrades

BELFB has been the topic of a number of analyst reports. StockNews.com cut Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Needham & Company LLC raised their price target on Bel Fuse from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Finally, Oppenheimer initiated coverage on Bel Fuse in a research note on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target on the stock. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bel Fuse currently has an average rating of “Buy” and an average target price of $100.00.

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.