Goldman Sachs Group Inc. trimmed its stake in Bel Fuse Inc. (NASDAQ:BELFB) by 62.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,920 shares of the electronics maker’s stock after selling 29,577 shares during the period. Goldman Sachs Group Inc. owned approximately 0.15% of Bel Fuse worth $443,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BELFB. Ameriprise Financial Inc. increased its position in shares of Bel Fuse by 6.4% in the first quarter. Ameriprise Financial Inc. now owns 46,075 shares of the electronics maker’s stock worth $1,177,000 after purchasing an additional 2,785 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of Bel Fuse by 36.3% in the first quarter. OppenheimerFunds Inc. now owns 14,888 shares of the electronics maker’s stock worth $381,000 after purchasing an additional 3,968 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Bel Fuse by 3.6% in the first quarter. Principal Financial Group Inc. now owns 66,016 shares of the electronics maker’s stock worth $1,687,000 after purchasing an additional 2,321 shares during the last quarter. FMR LLC increased its position in shares of Bel Fuse by 48.6% in the first quarter. FMR LLC now owns 55,000 shares of the electronics maker’s stock worth $1,405,000 after purchasing an additional 18,000 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Bel Fuse by 5.9% in the first quarter. Vanguard Group Inc. now owns 446,013 shares of the electronics maker’s stock worth $11,396,000 after purchasing an additional 24,686 shares during the last quarter. Institutional investors own 59.30% of the company’s stock.

Shares of Bel Fuse Inc. (NASDAQ BELFB) opened at $25.70 on Tuesday. The stock has a market capitalization of $309.82, a P/E ratio of 19.66 and a beta of 0.83. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.66 and a quick ratio of 1.59. Bel Fuse Inc. has a 52 week low of $21.65 and a 52 week high of $33.60.

Separately, BidaskClub lowered Bel Fuse from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th.

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In other news, insider Daniel Bernstein sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $24.61, for a total transaction of $73,830.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dennis Ackerman sold 2,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $24.63, for a total value of $61,575.00. The disclosure for this sale can be found here. 8.84% of the stock is owned by corporate insiders.

Bel Fuse Company Profile

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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