Farouq Salem Ali Tuweiq Sells 33,967 Shares of Bel Fuse (NASDAQ:BELFA) Stock

Bel Fuse Inc. (NASDAQ:BELFA) CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total transaction of $7,948,278.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Bel Fuse Stock Down 1.0%

Bel Fuse stock opened at $211.95 on Friday. Bel Fuse Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $227.42. The stock has a market cap of $2.68 billion, a PE ratio of 45.58 and a beta of 1.23. The firm’s 50-day simple moving average is $186.24 and its 200 day simple moving average is $146.95. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.71 and a current ratio of 3.02.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings data on Tuesday, February 17th. The scientific and technical instruments company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.10 by $0.78. Bel Fuse had a net margin of 9.11% and a return on equity of 21.78%. The firm had revenue of $175.94 million during the quarter, compared to analyst estimates of $172.01 million.

Bel Fuse Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Wednesday, April 15th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Wednesday, April 15th. Bel Fuse’s dividend payout ratio (DPR) is 5.16%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BELFA shares. Weiss Ratings upgraded Bel Fuse from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 12th. Robert W. Baird set a $250.00 price objective on shares of Bel Fuse in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, Bel Fuse presently has an average rating of “Buy” and an average price target of $182.50.

Institutional Investors Weigh In On Bel Fuse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC bought a new stake in shares of Bel Fuse in the second quarter valued at approximately $330,000. Cynosure Group LLC boosted its holdings in Bel Fuse by 23.2% in the 2nd quarter. Cynosure Group LLC now owns 5,302 shares of the scientific and technical instruments company’s stock worth $476,000 after buying an additional 1,000 shares during the period. Tower Research Capital LLC TRC grew its stake in Bel Fuse by 447.1% in 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 buying an additional 608 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in Bel Fuse during the 4th quarter valued at $61,000. Finally, BNP Paribas Financial Markets raised its holdings in Bel Fuse by 92.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 153 shares during the period. 6.01% of the stock is currently owned by institutional investors.

Bel Fuse Company Profile

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.