Insider Selling: Bel Fuse, Inc. (BELFA) CEO Sells 3,000 Shares of Stock

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Bel Fuse, Inc. (NASDAQ:BELFA) CEO Daniel Bernstein sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $24.83, for a total value of $74,490.00. Following the completion of the transaction, the chief executive officer now directly owns 12,000 shares in the company, valued at approximately $297,960. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Bel Fuse stock remained flat at $$20.60 during mid-day trading on Friday. The firm has a market cap of $247.43 million, a price-to-earnings ratio of 18.73 and a beta of 1.19. 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 twelve month low of $15.24 and a twelve month high of $26.13.

Bel Fuse (NASDAQ:BELFA) last announced its quarterly earnings data on Thursday, November 1st. The scientific and technical instruments company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.13. The company had revenue of $146.49 million for the quarter. Bel Fuse had a positive return on equity of 8.59% and a negative net margin of 0.78%.

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About Bel Fuse

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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