Bel Fuse’s Stephen Dawson sells $116,475 in stock

Stephen Dawson, President of Power Solutions at Bel Fuse (NASDAQ:) Inc. (NASDAQ:BELFB), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Dawson sold 1,500 shares of Class B common stock on November 21, 2024, at a weighted average price of $77.65 per share. The total value of the transaction was approximately $116,475.

Following this sale, Dawson holds 14,832 shares of Class B common stock. Additionally, he has indirect ownership of 2,061 shares of Class A common stock through a 401(k) plan. The reported number of shares in the 401(k) plan is an estimate, according to the filing.

In other recent news, Bel Fuse has been making strategic moves to strengthen its market position. The company recently finalized the acquisition of 80% of Enercon for $320 million in cash, a move expected to boost revenues by approximately 22%. This development was positively received by Needham, which subsequently maintained a Buy rating on Bel Fuse shares and raised its price target from $79.00 to $95.00.

In the company’s third-quarter report, a decrease in sales by 22.1% to $123.6 million was noted, compared to the same quarter in 2023. However, the gross margins increased to 36.1%, with the Connectivity segment sales growing by 7.6% to $55.7 million, primarily driven by aerospace applications. The Power Solutions and Magnetics segments, however, saw declines of 35% and 40%, respectively.

Bel Fuse also announced personnel changes with Uma Pingali and Anubhav Gothi appointed as Global Head of Sales and Marketing and Global Head of Corporate Contracts, respectively. The company’s sales projections for Q4 2024 range between $117 million and $125 million, with year-over-year growth anticipated in 2025 across all segments. These recent developments highlight Bel Fuse’s strategic efforts to navigate its current challenges and position itself for future growth.

InvestingPro Insights

While Stephen Dawson’s recent sale of Bel Fuse Inc. (NASDAQ:BELFB) shares may raise questions, a closer look at the company’s financials and market performance provides valuable context. According to InvestingPro data, Bel Fuse has a market capitalization of $1 billion and has demonstrated strong financial health and shareholder returns.

An InvestingPro Tip highlights that Bel Fuse has maintained dividend payments for 22 consecutive years, showcasing its commitment to shareholder value. This long-standing dividend history is particularly noteworthy given the company’s current dividend yield of 0.36%.

Another InvestingPro Tip reveals that Bel Fuse holds more cash than debt on its balance sheet, indicating a strong financial position. This aligns with the company’s ability to generate substantial returns, as evidenced by its high return over the last year and decade.

Despite Dawson’s sale, Bel Fuse’s stock has shown impressive performance, with a one-year price total return of 39.97%. The stock is currently trading at 91.98% of its 52-week high, suggesting continued investor confidence.

For readers seeking a more comprehensive analysis, InvestingPro offers 11 additional tips on Bel Fuse, providing deeper insights into the company’s financial health and market position.

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