Legato Capital Management LLC Invests $757,000 in Bel Fuse Inc. (NASDAQ:BELFB)

Legato Capital Management LLC purchased a new position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,603 shares of the electronics maker's stock, valued at approximately $757,000. Legato Capital Management LLC owned approximately 0.09% of Bel Fuse as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in BELFB. Steward Partners Investment Advisory LLC lifted its stake in shares of Bel Fuse by 4.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,700 shares of the electronics maker's stock valued at $314,000 after purchasing an additional 200 shares during the last quarter. Beach Investment Counsel Inc. PA acquired a new position in Bel Fuse in the 2nd quarter valued at about $25,000. Comerica Bank increased its stake in Bel Fuse by 223.7% during the first quarter. Comerica Bank now owns 738 shares of the electronics maker's stock worth $45,000 after purchasing an additional 510 shares during the period. New York State Teachers Retirement System grew its holdings in shares of Bel Fuse by 373.5% in the first quarter. New York State Teachers Retirement System now owns 947 shares of the electronics maker's stock valued at $57,000 after purchasing an additional 747 shares in the last quarter. Finally, AJOVista LLC purchased a new stake in Bel Fuse during the 4th quarter worth approximately $73,000. 58.39% of the stock is currently owned by institutional investors and hedge funds.

Bel Fuse Stock Performance

NASDAQ BELFB traded down $0.74 during trading hours on Wednesday, hitting $64.87. 34,872 shares of the stock were exchanged, compared to its average volume of 98,485. The company has a quick ratio of 2.76, a current ratio of 4.19 and a debt-to-equity ratio of 0.17. The company has a market cap of $818.66 million, a price-to-earnings ratio of 10.92 and a beta of 1.41. Bel Fuse Inc. has a 12-month low of $39.13 and a 12-month high of $76.09. The stock has a 50-day moving average of $66.18 and a 200 day moving average of $63.18.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last issued its earnings results on Wednesday, July 24th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.58. The company had revenue of $133.21 million during the quarter, compared to analysts' expectations of $130.27 million. Bel Fuse had a net margin of 11.81% and a return on equity of 20.97%. During the same period last year, the company posted $1.95 earnings per share. As a group, equities research analysts forecast that Bel Fuse Inc. will post 4.52 earnings per share for the current year.

Bel Fuse Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.28 annualized dividend and a dividend yield of 0.43%. Bel Fuse's dividend payout ratio is presently 4.71%.

Analysts Set New Price Targets

A number of equities research analysts have commented on BELFB shares. StockNews.com raised shares of Bel Fuse from a "hold" rating to a "buy" rating in a research report on Thursday, August 1st. Needham & Company LLC raised their target price on Bel Fuse from $68.00 to $79.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Finally, Northland Securities increased their price target on shares of Bel Fuse from $63.00 to $80.00 and gave the company a "market perform" rating in a research note on Tuesday, July 30th.

Bel Fuse Company Profile

Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunications, computing, general industrial, high-speed data transmission, military, commercial aerospace, transportation, and e-Mobility industries in the United States, the People's Republic of China, Macao, the United Kingdom, Slovakia, Germany, India, Switzerland, and internationally.