Insider Selling: Bel Fuse, Inc. (BELFB) Insider Sells 3,000 Shares of Stock
Bel Fuse, Inc. (NASDAQ:BELFB) insider Daniel Bernstein sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $24.83, for a total transaction of $74,490.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Bel Fuse stock traded up $0.32 on Friday, hitting $25.73. The stock had a trading volume of 18,807 shares, compared to its average volume of 20,829. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.76 and a current ratio of 2.89. Bel Fuse, Inc. has a one year low of $17.10 and a one year high of $29.40. The stock has a market capitalization of $305.92 million, a price-to-earnings 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, topping analysts’ consensus estimates of $0.57 by $0.18. Bel Fuse had a positive return on equity of 8.59% and a negative net margin of 0.78%. The company had revenue of $146.49 million during the quarter.
A number of hedge funds have recently made changes to their positions in the stock. Polaris Capital Management LLC lifted its stake in Bel Fuse by 15.7% in the third quarter. Polaris Capital Management LLC now owns 111,100 shares of the electronics maker’s stock worth $2,944,000 after acquiring an additional 15,100 shares during the period. BlackRock Inc. lifted its stake in Bel Fuse by 1.8% in the third quarter. BlackRock Inc. now owns 1,447,338 shares of the electronics maker’s stock worth $38,354,000 after acquiring an additional 26,265 shares during the period. Cim Investment Mangement Inc. purchased a new stake in Bel Fuse in the third quarter worth $250,000. Bank of New York Mellon Corp lifted its stake in Bel Fuse by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 145,485 shares of the electronics maker’s stock worth $3,856,000 after acquiring an additional 4,539 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in Bel Fuse in the third quarter worth $113,000. 62.35% of the stock is owned by institutional investors.
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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