Dennis Ackerman Sells 2,500 Shares of Bel Fuse, Inc. (BELFB) Stock

Bel Fuse, Inc. (NASDAQ:BELFB) VP Dennis Ackerman sold 2,500 shares of Bel Fuse stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $25.44, for a total transaction of $63,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

NASDAQ:BELFB opened at $25.73 on Friday. Bel Fuse, Inc. has a 1 year low of $17.10 and a 1 year high of $29.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.89 and a quick ratio of 1.76. 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 issued its quarterly earnings results on Thursday, November 1st. The electronics maker reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates 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%.

A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Bel Fuse from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. BidaskClub cut shares of Bel Fuse from a “buy” rating to a “hold” rating in a research note on Thursday, July 19th. Finally, Needham & Company LLC upgraded shares of Bel Fuse from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, September 25th.

Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in shares of Bel Fuse in the third quarter valued at approximately $113,000. Cim Investment Mangement Inc. acquired a new stake in shares of Bel Fuse in the third quarter valued at approximately $250,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Bel Fuse by 35.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 23,795 shares of the electronics maker’s stock valued at $498,000 after purchasing an additional 6,195 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Bel Fuse by 17.4% in the first quarter. California Public Employees Retirement System now owns 26,648 shares of the electronics maker’s stock valued at $504,000 after purchasing an additional 3,948 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Bel Fuse in the third quarter valued at approximately $2,023,000. 62.35% of the stock is owned by institutional investors and hedge funds.

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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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