Schwab Charles Investment Management Inc. Sells 16,420 Shares of Bel Fuse, Inc. (BELFB)

Schwab Charles Investment Management Inc. lowered its position in Bel Fuse, Inc. (NASDAQ:BELFB) by 27.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 43,870 shares of the electronics maker’s stock after selling 16,420 shares during the period. Schwab Charles Investment Management Inc. owned about 0.36% of Bel Fuse worth $1,369,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BELFB. BNP Paribas Arbitrage SA boosted its holdings in Bel Fuse by 75.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,934 shares of the electronics maker’s stock worth $154,000 after buying an additional 2,127 shares during the period. Hancock Holding Co. purchased a new stake in Bel Fuse in the 2nd quarter worth $210,000. The Manufacturers Life Insurance Company lifted its stake in Bel Fuse by 16.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,865 shares of the electronics maker’s stock worth $219,000 after purchasing an additional 1,272 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Bel Fuse by 70.5% in the 3rd quarter. Wells Fargo & Company MN now owns 9,840 shares of the electronics maker’s stock worth $307,000 after purchasing an additional 4,070 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in Bel Fuse by 18.6% in the 3rd quarter. Great West Life Assurance Co. Can now owns 12,746 shares of the electronics maker’s stock worth $405,000 after purchasing an additional 2,000 shares in the last quarter. 59.95% of the stock is owned by institutional investors.

Shares of Bel Fuse, Inc. (BELFB) traded up $0.50 during mid-day trading on Wednesday, reaching $18.90. 28,161 shares of the company’s stock traded hands, compared to its average volume of 26,741. The stock has a market cap of $227.40, a PE ratio of 14.43 and a beta of 0.61. Bel Fuse, Inc. has a 1-year low of $17.80 and a 1-year high of $33.45. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.59 and a current ratio of 2.66.

Separately, BidaskClub cut shares of Bel Fuse from a “sell” rating to a “strong sell” rating in a research note on Saturday, January 6th.

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About Bel Fuse

Bel Fuse Inc (Bel) designs, manufactures and markets a range of products that power, protect and connect electronic circuits. The Company’s products include magnetic solutions, power solutions and protection, and connectivity solutions. The Company’s operating segments are North America, Asia and Europe.

Institutional Ownership by Quarter for Bel Fuse (NASDAQ:BELFB)

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