Bailard Inc. boosted its holdings in Bel Fuse, Inc. (NASDAQ:BELFB) by 31.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,563 shares of the electronics maker’s stock after purchasing an additional 5,900 shares during the quarter. Bailard Inc.’s holdings in Bel Fuse were worth $452,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. grew its position in Bel Fuse by 35.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 23,795 shares of the electronics maker’s stock worth $498,000 after purchasing an additional 6,195 shares during the period. BlackRock Inc. grew its position in Bel Fuse by 6.6% in the 2nd quarter. BlackRock Inc. now owns 1,421,073 shares of the electronics maker’s stock worth $29,701,000 after purchasing an additional 87,361 shares during the period. Essex Investment Management Co. LLC bought a new stake in Bel Fuse in the 3rd quarter worth approximately $2,023,000. Foundry Partners LLC grew its position in Bel Fuse by 3.4% in the 3rd quarter. Foundry Partners LLC now owns 151,290 shares of the electronics maker’s stock worth $4,009,000 after purchasing an additional 4,940 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in Bel Fuse in the 3rd quarter worth approximately $113,000. 59.07% of the stock is owned by hedge funds and other institutional investors.
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Shares of BELFB stock opened at $23.90 on Thursday. Bel Fuse, Inc. has a 1 year low of $16.58 and a 1 year high of $29.00. The company has a quick ratio of 1.76, a current ratio of 2.89 and a debt-to-equity ratio of 0.65. The firm has a market cap of $300.30 million, a PE ratio of 18.98 and a beta of 1.23.
A number of equities research analysts have recently issued reports on BELFB shares. BidaskClub raised shares of Bel Fuse from a “sell” rating to a “hold” rating in a research report on Friday, January 18th. ValuEngine raised shares of Bel Fuse from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th.
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About Bel Fuse
Bel Fuse Inc designs, manufactures, markets, and sells products that are used in the networking, telecommunication, high-speed data transmission, commercial aerospace, military, broadcasting, transportation, and consumer electronic industries in North America, Asia, and Europe. It offers magnetic products, such as integrated connector modules; power transformers; SMD power inductors and SMPS transformers; and telecom discrete components.
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