Legato Capital Management LLC boosted its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 46.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,982 shares of the electronics maker's stock after purchasing an additional 8,560 shares during the quarter. Legato Capital Management LLC owned about 0.21% of Bel Fuse worth $2,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its holdings in Bel Fuse by 4.8% in the fourth quarter. Empowered Funds LLC now owns 11,506 shares of the electronics maker's stock worth $949,000 after acquiring an additional 523 shares in the last quarter. Tectonic Advisors LLC boosted its holdings in Bel Fuse by 4.7% in the fourth quarter. Tectonic Advisors LLC now owns 18,572 shares of the electronics maker's stock worth $1,532,000 after acquiring an additional 830 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in Bel Fuse by 38.1% in the fourth quarter. Hodges Capital Management Inc. now owns 104,645 shares of the electronics maker's stock worth $8,630,000 after acquiring an additional 28,860 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Bel Fuse by 45.0% in the fourth quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker's stock worth $305,000 after acquiring an additional 1,146 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Bel Fuse by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 30,387 shares of the electronics maker's stock worth $2,386,000 after acquiring an additional 2,793 shares in the last quarter. Institutional investors own 58.39% of the company's stock.
Bel Fuse Stock Performance
BELFB stock traded down $0.61 during trading on Friday, hitting $82.32. 66,087 shares of the company traded hands, compared to its average volume of 79,902. The stock's 50-day simple moving average is $81.91 and its 200 day simple moving average is $76.81. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.00 and a quick ratio of 2.71. The company has a market cap of $1.03 billion, a PE ratio of 18.88, a P/E/G ratio of 0.96 and a beta of 1.28. Bel Fuse Inc. has a 1 year low of $45.74 and a 1 year high of $92.61.
Insider Activity at Bel Fuse
In other Bel Fuse news, VP Joseph Francis Berry sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $80.30, for a total value of $80,300.00. Following the sale, the vice president now directly owns 8,023 shares of the company's stock, valued at approximately $644,246.90. This trade represents a 11.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Dawson sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total value of $116,475.00. Following the completion of the sale, the insider now directly owns 14,832 shares in the company, 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. 5.37% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on BELFB shares. Needham & Company LLC raised their price objective on Bel Fuse from $79.00 to $95.00 and gave the stock a "buy" rating in a research note on Monday, November 18th. Oppenheimer started coverage on Bel Fuse in a research note on Tuesday, December 17th. They issued an "outperform" rating and a $105.00 price objective for the company. Finally, StockNews.com cut Bel Fuse from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $98.33.
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Bel Fuse Profile
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Free Report)
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.
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