Bel Fuse shareholder Gamco buys shares, increases ownership to 17.72%

By Lisa Kerner

Charlotte, N.C., Nov. 13 - Investors led by Gamco Asset Management Inc. increased their stake in Bel Fuse Inc. to 17.72% with the purchase of 16,026 additional shares of the company's stock.

The shares were acquired between Oct. 23 and Nov. 12 at prices from $17.10 to $18.02 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Friday.

Between Aug. 20 and Oct. 14, Gamco bought 21,350 Bel Fuse shares at prices from $15.56 to $18.90 each, a prior SEC filing said.

The investors beneficially own 385,500 shares of the Jersey City electronics company.

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