Legato Capital Management LLC Buys 8,560 Shares of Bel Fuse Inc. (NASDAQ:BELFB)

Legato Capital Management LLC grew its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 46.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 26,982 shares of the electronics maker’s stock after purchasing an additional 8,560 shares during the period. Legato Capital Management LLC’s holdings in Bel Fuse were worth $2,225,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BELFB. Geode Capital Management LLC grew its holdings in Bel Fuse by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 289,298 shares of the electronics maker’s stock valued at $22,716,000 after purchasing an additional 6,250 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Bel Fuse by 11.1% during the third quarter. Janus Henderson Group PLC now owns 256,172 shares of the electronics maker’s stock valued at $20,109,000 after buying an additional 25,607 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Bel Fuse by 7.2% during the third quarter. Thrivent Financial for Lutherans now owns 179,503 shares of the electronics maker’s stock valued at $14,093,000 after buying an additional 12,007 shares during the last quarter. Portolan Capital Management LLC raised its holdings in shares of Bel Fuse by 122.8% in the third quarter. Portolan Capital Management LLC now owns 120,858 shares of the electronics maker’s stock worth $9,489,000 after buying an additional 66,621 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Bel Fuse by 15.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 113,789 shares of the electronics maker’s stock worth $8,934,000 after acquiring an additional 15,296 shares during the last quarter. Hedge funds and other institutional investors own 58.39% of the company’s stock.

Bel Fuse Trading Down 1.2 %

NASDAQ BELFB opened at $81.34 on Wednesday. Bel Fuse Inc. has a one year low of $45.74 and a one year high of $92.61. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.71 and a current ratio of 4.00. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 0.96 and a beta of 1.28. The company’s 50-day simple moving average is $82.10 and its two-hundred day simple moving average is $76.64.

Insider Activity

In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total value of $80,300.00. Following the completion of the transaction, the vice president now directly owns 8,023 shares in the company, valued at approximately $644,246.90. The trade was a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Stephen Dawson sold 1,500 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the sale, the insider now directly owns 14,832 shares of the company’s stock, valued at approximately $1,151,704.80. The trade was a 9.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on BELFB shares. StockNews.com lowered Bel Fuse from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 29th. Oppenheimer began coverage on shares of Bel Fuse in a report on Tuesday, December 17th. They set an “outperform” rating and a $105.00 price objective for the company. Finally, Needham & Company LLC raised their target price on shares of Bel Fuse from $79.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Bel Fuse has an average rating of “Buy” and an average target price of $98.33.

Bel Fuse Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that power, protect, and connect electronic circuits. The company’s products are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries.