Bel Fuse Inc. (NASDAQ:BELFA – Get Free Report) VP Kenneth Koon Keung Lai sold 564 shares of the stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $141.96, for a total value of $80,065.44. Following the completion of the transaction, the vice president directly owned 7,755 shares of the company’s stock, valued at $1,100,899.80. This trade represents a 6.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Kenneth Koon Keung Lai also recently made the following trade(s):
- On Monday, November 17th, Kenneth Koon Keung Lai sold 1,936 shares of Bel Fuse stock. The shares were sold at an average price of $144.23, for a total value of $279,229.28.
Bel Fuse Stock Performance
BELFA stock traded up $2.89 during trading on Wednesday, reaching $122.40. 75,951 shares of the company’s stock were exchanged, compared to its average volume of 9,265. Bel Fuse Inc. has a 1-year low of $53.95 and a 1-year high of $142.70. The firm has a market cap of $1.55 billion, a PE ratio of 24.83 and a beta of 1.25. The company’s fifty day moving average price is $124.85 and its 200-day moving average price is $103.14. The company has a quick ratio of 1.72, a current ratio of 3.05 and a debt-to-equity ratio of 0.63.
Bel Fuse Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Thursday, January 15th. Bel Fuse’s dividend payout ratio is currently 4.87%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Bel Fuse in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $115.00.
Check Out Our Latest Stock Analysis on BELFA
Institutional Trading of Bel Fuse
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its holdings in Bel Fuse by 92.2% during the third quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 153 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Bel Fuse during the 2nd quarter valued at $51,000. Tower Research Capital LLC TRC lifted its position in shares of Bel Fuse by 447.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock valued at $67,000 after acquiring an additional 608 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Bel Fuse by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock worth $274,000 after acquiring an additional 150 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Bel Fuse in the 3rd quarter worth $286,000. 6.01% of the stock is currently owned by institutional investors.
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.
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