Bel Fuse, Inc. (BELFA) VP Dennis Ackerman Sells 1,642 Shares of Stock

Bel Fuse, Inc. (NASDAQ:BELFA) VP Dennis Ackerman sold 1,642 shares of Bel Fuse stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $25.74, for a total transaction of $42,265.08. Following the completion of the sale, the vice president now owns 10,858 shares of the company’s stock, valued at $279,484.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NASDAQ BELFA traded down $0.44 during trading hours on Friday, hitting $20.60. 500 shares of the company’s stock traded hands, compared to its average volume of 1,617. The company has a current ratio of 2.89, a quick ratio of 1.76 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $252.71 million, a price-to-earnings ratio of 19.13 and a beta of 1.19. Bel Fuse, Inc. has a 52 week low of $15.24 and a 52 week high of $26.13.

Bel Fuse (NASDAQ:BELFA) last announced its earnings results on Thursday, November 1st. The scientific and technical instruments company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.13. The company 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%.

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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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