Bel Fuse Inc. $BELFB Stock Holdings Lowered by Legato Capital Management LLC

Legato Capital Management LLC reduced its holdings in Bel Fuse Inc. (NASDAQ:BELFB) by 38.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,403 shares of the electronics maker’s stock after selling 7,776 shares during the quarter. Legato Capital Management LLC’s holdings in Bel Fuse were worth $2,104,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BELFB. Farther Finance Advisors LLC raised its holdings in shares of Bel Fuse by 365.6% in the 4th quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 117 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Bel Fuse by 139.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 259 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 151 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of Bel Fuse by 52.5% in the 3rd quarter. Federated Hermes Inc. now owns 334 shares of the electronics maker’s stock worth $47,000 after purchasing an additional 115 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Bel Fuse in the 3rd quarter worth approximately $78,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Bel Fuse by 60.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,000 shares of the electronics maker’s stock worth $98,000 after purchasing an additional 375 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BELFB has been the topic of a number of research reports. Needham & Company LLC boosted their target price on shares of Bel Fuse from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Weiss Ratings upgraded shares of Bel Fuse from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Bel Fuse from a “buy” rating to a “hold” rating in a report on Monday, March 16th. Robert W. Baird set a $293.00 target price on shares of Bel Fuse in a report on Friday, May 1st. Finally, Oppenheimer reiterated an “outperform” rating and issued a $315.00 target price on shares of Bel Fuse in a report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $307.25.

Bel Fuse Stock Up 3.7%

Bel Fuse stock opened at $270.01 on Friday. The firm has a market cap of $3.43 billion, a PE ratio of 61.51, a P/E/G ratio of 2.69 and a beta of 1.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.73 and a current ratio of 3.18. The firm’s 50 day moving average price is $240.84 and its two-hundred day moving average price is $205.79. Bel Fuse Inc. has a twelve month low of $69.00 and a twelve month high of $308.27.

Bel Fuse Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 15th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.1%. The ex-dividend date is Wednesday, July 15th. Bel Fuse’s dividend payout ratio is currently 6.38%.

Insider Activity at Bel Fuse

In other Bel Fuse news, Director Peter E. Gilbert sold 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $238.75, for a total value of $1,074,375.00. Following the transaction, the director owned 15,047 shares in the company, valued at approximately $3,592,471.25. This represents a 23.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Farouq Salem Ali Tuweiq sold 33,967 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $234.00, for a total transaction of $7,948,278.00. Additional details regarding this sale are available in the official SEC disclosure. 5.37% of the stock is currently owned by corporate insiders.

About Bel Fuse

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.