Bel Fuse Inc /nj (BELFB): Avi D Eden , director of Bel Fuse Inc /nj sold 7,000 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $17.42 per share for a total value of $121,961.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 17, 2015, Howard Bernstein (director) sold 1,000 shares at $16.84 per share price.On Nov 6, 2015, Dennis Ackerman (Vice President – Operations) sold 2,500 shares at $18.97 per share price.Also, On Nov 6, 2015, Daniel Bernstein (President and CEO) sold 3,000 shares at $18.97 per share price.
Shares of Bel Fuse (BELFB) ended Monday, May 16, 2016 session in red amid volatile trading. The shares closed down -0.1 points or -0.57% at $17.41 with 67,186 shares getting traded. Post opening the session at $17.67, the shares hit an intraday low of $17.33 and an intraday high of $17.67 and the price vacillated in this range throughout the day. The company has a market cap of $207 M and the number of outstanding shares has been calculated to be 1,18,65,564 shares. The 52-week high of Bel Fuse is $23.77 and the 52-week low is $13.31.
Company has been under the radar of several Street Analysts.Bel Fuse is Downgraded by Needham to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Feb 19, 2016.
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 markets magnetic solutions under the brand names Bel TRP MagJack and Signal. The Company markets power solutions and protection under the brand names Bel Power Solutions Power-One Melcher and Bel. The Company markets connectivity solutions under the brand names Stratos Fibreco Cinch AIM-Cambridge Johnson Trompeter Midwest Microwave Semflex and Stewart Connector. The Company’s products are primarily used in the networking telecommunications computing military aerospace transportation and broadcasting industries. Bel’s portfolio of products also finds application in the automotive medical and consumer electronics markets. The Company offers its products in North America Asia and Europe.