Bel Fuse Inc. (BELFB) VP Sells $61,575.00 in Stock
Bel Fuse Inc. (NASDAQ:BELFB) VP Dennis Ackerman sold 2,500 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $24.63, for a total transaction of $61,575.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Bel Fuse Inc. (BELFB) remained flat at $$25.75 during midday trading on Monday. The stock had a trading volume of 18,700 shares, compared to its average volume of 32,396. The stock has a market capitalization of $309.82, a PE ratio of 19.66 and a beta of 0.83. Bel Fuse Inc. has a 1 year low of $21.65 and a 1 year high of $33.60. The company has a quick ratio of 1.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.59.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, October 13th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, October 12th. This represents a $0.28 annualized dividend and a yield of 1.09%. Bel Fuse’s dividend payout ratio is currently 28.57%.
Separately, BidaskClub cut shares of Bel Fuse from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its holdings in Bel Fuse by 75.8% during the third quarter. BNP Paribas Arbitrage SA now owns 4,934 shares of the electronics maker’s stock worth $154,000 after purchasing an additional 2,127 shares in the last quarter. Hancock Holding Co. purchased a new position in Bel Fuse during the second quarter worth about $210,000. The Manufacturers Life Insurance Company raised its holdings in Bel Fuse by 16.8% during the second quarter. The Manufacturers Life Insurance Company now owns 8,865 shares of the electronics maker’s stock worth $219,000 after purchasing an additional 1,272 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Bel Fuse by 70.5% during the third quarter. Wells Fargo & Company MN now owns 9,840 shares of the electronics maker’s stock worth $307,000 after purchasing an additional 4,070 shares in the last quarter. Finally, WealthTrust Axiom LLC raised its holdings in Bel Fuse by 10.2% during the second quarter. WealthTrust Axiom LLC now owns 10,829 shares of the electronics maker’s stock worth $267,000 after purchasing an additional 1,000 shares in the last quarter. 59.30% of the stock is owned by hedge funds and other institutional investors.
About Bel Fuse
Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.
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