Legato Capital Management LLC Has $1.63 Million Stake in Bel Fuse Inc. (NASDAQ:BELFB)

Legato Capital Management LLC cut its stake in shares of Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 19.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 21,710 shares of the electronics maker's stock after selling 5,272 shares during the period. Legato Capital Management LLC owned approximately 0.17% of Bel Fuse worth $1,625,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. GW&K Investment Management LLC raised its holdings in shares of Bel Fuse by 2.1% during the first quarter. GW&K Investment Management LLC now owns 217,998 shares of the electronics maker's stock worth $16,319,000 after purchasing an additional 4,405 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of Bel Fuse during the 1st quarter valued at about $4,280,000. CWM LLC grew its position in shares of Bel Fuse by 147.1% during the 1st quarter. CWM LLC now owns 383 shares of the electronics maker's stock valued at $29,000 after buying an additional 228 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Bel Fuse by 4.5% during the 1st quarter. Principal Financial Group Inc. now owns 4,411 shares of the electronics maker's stock valued at $330,000 after buying an additional 189 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of Bel Fuse during the 1st quarter valued at about $404,000. 58.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $84.03, for a total transaction of $336,120.00. Following the completion of the sale, the vice president owned 12,155 shares in the company, valued at $1,021,384.65. This trade represents a 24.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.37% of the stock is currently owned by company insiders.

Bel Fuse Stock Up 16.4%

Bel Fuse stock traded up $16.86 during trading hours on Friday, hitting $119.84. The company had a trading volume of 364,814 shares, compared to its average volume of 158,611. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.31 and a quick ratio of 1.83. The firm has a market capitalization of $1.52 billion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of 1.70 and a beta of 1.51. Bel Fuse Inc. has a fifty-two week low of $57.99 and a fifty-two week high of $122.70. The firm's fifty day moving average is $89.36 and its 200-day moving average is $80.69.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.50. Bel Fuse had a net margin of 8.59% and a return on equity of 14.47%. The business had revenue of $152.24 million during the quarter, compared to the consensus estimate of $147.93 million. On average, research analysts forecast that Bel Fuse Inc. will post 4.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

BELFB has been the subject of a number of research analyst reports. Baird R W raised shares of Bel Fuse to a "strong-buy" rating in a research note on Tuesday, June 10th. Wall Street Zen raised shares of Bel Fuse from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Needham & Company LLC increased their target price on shares of Bel Fuse from $116.00 to $130.00 and gave the company a "buy" rating in a research note on Friday. Oppenheimer set a $125.00 target price on shares of Bel Fuse and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Northland Securities increased their target price on shares of Bel Fuse from $93.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, June 30th. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Bel Fuse presently has a consensus rating of "Buy" and a consensus price target of $113.60.

Bel Fuse Company 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.