Bel Fuse, Inc. (NASDAQ:BELFB) insider Daniel Bernstein sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $24.83, for a total transaction of $74,490.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Bel Fuse stock traded up $0.32 during trading on Friday, reaching $25.73. 18,807 shares of the company traded hands, compared to its average volume of 20,829. The company has a quick ratio of 1.76, a current ratio of 2.89 and a debt-to-equity ratio of 0.65. Bel Fuse, Inc. has a 1-year low of $17.10 and a 1-year high of $29.40. The company has a market capitalization of $305.92 million, a PE ratio of 21.40 and a beta of 0.90.
Bel Fuse (NASDAQ:BELFB) last announced its quarterly earnings results on Thursday, November 1st. The electronics maker reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.18. The business had revenue of $146.49 million during the quarter. Bel Fuse had a negative net margin of 0.78% and a positive return on equity of 8.59%.
Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC bought a new stake in Bel Fuse during the 3rd quarter valued at $113,000. Cim Investment Mangement Inc. bought a new stake in shares of Bel Fuse in the 3rd quarter worth $250,000. Schwab Charles Investment Management Inc. grew its stake in shares of Bel Fuse by 35.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 23,795 shares of the electronics maker’s stock worth $498,000 after acquiring an additional 6,195 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of Bel Fuse by 17.4% in the 1st quarter. California Public Employees Retirement System now owns 26,648 shares of the electronics maker’s stock worth $504,000 after acquiring an additional 3,948 shares in the last quarter. Finally, Essex Investment Management Co. LLC bought a new stake in shares of Bel Fuse in the 3rd quarter worth $2,023,000. Institutional investors and hedge funds own 62.35% of the company’s stock.
BELFB has been the topic of a number of research reports. BidaskClub downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a research report on Thursday, July 19th. ValuEngine downgraded shares of Bel Fuse from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Finally, Needham & Company LLC upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, September 25th.
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Bel Fuse Company Profile
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
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