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

Legato Capital Management LLC grew its position in shares of Bel Fuse Inc. (NASDAQ:BELFB) by 46.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,982 shares of the electronics maker’s stock after acquiring an additional 8,560 shares during the period. Legato Capital Management LLC owned about 0.21% of Bel Fuse worth $2,225,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in Bel Fuse during the third quarter worth about $39,000. BNP Paribas Financial Markets lifted its holdings in shares of Bel Fuse by 10.0% during the third quarter. BNP Paribas Financial Markets now owns 2,197 shares of the electronics maker’s stock valued at $172,000 after purchasing an additional 200 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Bel Fuse in the 3rd quarter worth approximately $200,000. One Wealth Advisors LLC purchased a new stake in shares of Bel Fuse in the 3rd quarter worth approximately $227,000. Finally, Kovitz Investment Group Partners LLC bought a new position in Bel Fuse during the 3rd quarter valued at approximately $288,000. Institutional investors own 58.39% of the company’s stock.

Insider Buying and Selling at Bel Fuse

In related news, insider Stephen Dawson sold 1,500 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $77.65, for a total transaction of $116,475.00. Following the completion of the transaction, the insider now owns 14,832 shares in the company, valued at approximately $1,151,704.80. This represents a 9.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joseph Francis Berry sold 1,000 shares of Bel Fuse stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $80.30, for a total transaction of $80,300.00. Following the completion of the sale, the vice president now owns 8,023 shares in the company, valued at approximately $644,246.90. This represents a 11.08 % 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.

Bel Fuse Price Performance

NASDAQ BELFB opened at $81.34 on Wednesday. The company has a current ratio of 4.00, a quick ratio of 2.71 and a debt-to-equity ratio of 0.16. Bel Fuse Inc. has a 12 month low of $45.74 and a 12 month high of $92.61. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 0.96 and a beta of 1.28. The company’s 50 day moving average is $82.10 and its two-hundred day moving average is $76.64.

Wall Street Analyst Weigh In

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

About Bel Fuse

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.