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

Bel Fuse Inc. (NASDAQ:BELFB) insider Suzanne Kozlovsky sold 194 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 12,060 shares in the company, valued at $915,474.60. The trade was a 1.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Bel Fuse Price Performance

Shares of NASDAQ BELFB opened at $77.08 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The firm has a market capitalization of $966.51 million, a PE ratio of 23.57, a P/E/G ratio of 1.24 and a beta of 1.12. Bel Fuse Inc. has a 1-year low of $53.74 and a 1-year high of $92.61. The business’s fifty day moving average price is $80.53 and its two-hundred day moving average price is $79.34.

Bel Fuse (NASDAQ:BELFB) last released its quarterly earnings data on Tuesday, February 18th. The electronics maker reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 12.37% and a net margin of 7.66%. During the same period last year, the business earned $1.29 EPS. On average, research analysts expect that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.36%. Bel Fuse’s dividend payout ratio (DPR) is presently 8.56%.

Hedge Funds Weigh In On Bel Fuse

Several hedge funds and other institutional investors have recently made changes to their positions in BELFB. Brown Advisory Inc. bought a new stake in shares of Bel Fuse during the 4th quarter worth about $11,807,000. Janus Henderson Group PLC raised its holdings in 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 purchasing an additional 141,951 shares in the last quarter. Portolan Capital Management LLC lifted its position in Bel Fuse by 72.5% in the fourth 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. Potrero Capital Research LLC boosted its stake in Bel Fuse by 107.1% during the 4th quarter. Potrero Capital Research LLC now owns 145,986 shares of the electronics maker’s stock valued at $12,039,000 after purchasing an additional 75,483 shares in the last quarter. Finally, Advisory Research Inc. increased its position in shares of Bel Fuse by 27.4% during the 4th quarter. Advisory Research Inc. now owns 313,446 shares of the electronics maker’s stock valued at $25,850,000 after purchasing an additional 67,460 shares during the period. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BELFB has been the subject of a number of research analyst reports. Oppenheimer initiated coverage on Bel Fuse in a report on Tuesday, December 17th. They issued an “outperform” rating and a $105.00 price target for the company. Needham & Company LLC increased their target price on shares of Bel Fuse from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, StockNews.com downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus 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.