Bel Fuse Inc. (BELFA) CEO Daniel Bernstein Sells 3,000 Shares of Stock

Bel Fuse Inc. (NASDAQ:BELFA) CEO Daniel Bernstein sold 3,000 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $24.61, for a total transaction of $73,830.00. Following the completion of the sale, the chief executive officer now directly owns 15,000 shares in the company, valued at approximately $369,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Bel Fuse Inc. (NASDAQ BELFA) opened at $22.15 on Tuesday. The firm has a market cap of $263.14, a price-to-earnings ratio of 17.09 and a beta of 0.89. Bel Fuse Inc. has a fifty-two week low of $18.80 and a fifty-two week high of $29.90. The company has a current ratio of 2.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.59.

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

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

A hedge fund recently raised its stake in Bel Fuse stock. Russell Investments Group Ltd. increased its position in shares of Bel Fuse Inc. (NASDAQ:BELFA) by 211.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,817 shares of the scientific and technical instruments company’s stock after buying an additional 14,816 shares during the period. Russell Investments Group Ltd. owned 0.18% of Bel Fuse worth $581,000 as of its most recent filing with the Securities and Exchange Commission. 7.98% of the stock is currently owned by 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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