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

Bel Fuse Inc. (NASDAQ:BELFA) VP Dennis Ackerman sold 2,500 shares of Bel Fuse stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $24.63, for a total value of $61,575.00. Following the sale, the vice president now directly owns 12,500 shares in the company, valued at $307,875. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bel Fuse Inc. (NASDAQ:BELFA) opened at $22.15 on Wednesday. The company has a market capitalization of $266.51, a PE ratio of 17.31 and a beta of 0.89. Bel Fuse Inc. has a 52 week low of $18.80 and a 52 week high of $29.90. The company has a quick ratio of 1.59, a current ratio of 2.66 and a debt-to-equity ratio of 0.59.

Bel Fuse (NASDAQ:BELFA) last posted its quarterly earnings results on Friday, November 3rd. The scientific and technical instruments company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.12). The firm had revenue of $126.39 million during the quarter. Bel Fuse had a return on equity of 9.80% and a net margin of 2.50%.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Monday, January 15th will be paid a $0.06 dividend. The ex-dividend date is Thursday, January 11th. This represents a $0.24 dividend on an annualized basis and a yield of 1.08%. Bel Fuse’s dividend payout ratio (DPR) is 25.00%.

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Separately, TheStreet raised Bel Fuse from a “c” rating to a “b-” rating in a research report on Friday, August 4th.

A hedge fund recently bought a new stake in Bel Fuse stock. Russell Investments Group Ltd. purchased a new position in Bel Fuse Inc. (NASDAQ:BELFA) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,001 shares of the scientific and technical instruments company’s stock, valued at approximately $146,000. Russell Investments Group Ltd. owned approximately 0.06% of Bel Fuse as of its most recent filing with the Securities & Exchange Commission. 7.98% of the stock is owned by hedge funds and other institutional investors.

About Bel Fuse

Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.

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