Tema Etfs LLC Makes New Investment in Bel Fuse Inc. (NASDAQ:BELFB)

Tema Etfs LLC purchased a new position in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,512 shares of the electronics maker's stock, valued at approximately $702,000. Tema Etfs LLC owned approximately 0.07% of Bel Fuse as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BELFB. Potrero Capital Research LLC increased its holdings in Bel Fuse by 107.1% during the 4th quarter. Potrero Capital Research LLC now owns 145,986 shares of the electronics maker's stock valued at $12,039,000 after purchasing an additional 75,483 shares in the last quarter. ProShare Advisors LLC bought a new position in shares of Bel Fuse in the fourth quarter valued at about $240,000. Millennium Management LLC acquired a new position in Bel Fuse during the 4th quarter worth about $305,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Bel Fuse by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,887 shares of the electronics maker's stock worth $486,000 after buying an additional 234 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Bel Fuse by 55.4% during the 4th quarter. Janus Henderson Group PLC now owns 398,123 shares of the electronics maker's stock worth $32,821,000 after acquiring an additional 141,951 shares during the last quarter. Institutional investors own 58.39% of the company's stock.

Analysts Set New Price Targets

BELFB has been the subject of a number of research analyst reports. Craig Hallum initiated coverage on shares of Bel Fuse in a research note on Tuesday, March 25th. They issued a "buy" rating and a $115.00 target price for the company. Wall Street Zen cut shares of Bel Fuse from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Needham & Company LLC decreased their price objective on Bel Fuse from $100.00 to $95.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $102.50.

Bel Fuse Stock Performance

Shares of BELFB stock traded down $0.82 during trading on Friday, reaching $71.72. 12,385 shares of the company's stock were exchanged, compared to its average volume of 89,188. The company has a quick ratio of 1.66, a current ratio of 2.92 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $908.41 million, a PE ratio of 21.93, a PEG ratio of 1.24 and a beta of 1.50. The firm's fifty day moving average price is $71.44 and its 200-day moving average price is $77.70. Bel Fuse Inc. has a twelve month low of $57.99 and a twelve month high of $92.61.

Bel Fuse (NASDAQ:BELFB - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.50. The business had revenue of $152.24 million during the quarter, compared to analysts' expectations of $147.93 million. Bel Fuse had a return on equity of 12.37% and a net margin of 7.66%. As a group, sell-side analysts anticipate that Bel Fuse Inc. will post 4.63 EPS for the current year.

Bel Fuse Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $0.24 annualized dividend and a dividend yield of 0.33%. Bel Fuse's dividend payout ratio is 8.14%.

Bel Fuse 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.