8,512 Shares in Bel Fuse Inc. (NASDAQ:BELFB) Acquired by Tema Etfs LLC

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

Other institutional investors have also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS acquired a new stake in Bel Fuse in the fourth quarter worth about $148,000. ProShare Advisors LLC acquired a new stake in shares of Bel Fuse during the fourth quarter worth $240,000. Integrated Quantitative Investments LLC bought a new stake in Bel Fuse in the 4th quarter valued at $298,000. SG Americas Securities LLC lifted its position in Bel Fuse by 45.0% in the 4th quarter. SG Americas Securities LLC now owns 3,693 shares of the electronics maker's stock valued at $305,000 after acquiring an additional 1,146 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in Bel Fuse in the 4th quarter worth $305,000. 58.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BELFB has been the topic of several recent research reports. StockNews.com downgraded Bel Fuse from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Craig Hallum initiated coverage on Bel Fuse in a research report on Tuesday, March 25th. They issued a "buy" rating and a $115.00 target price on the stock. Finally, Needham & Company LLC cut their target price on Bel Fuse from $100.00 to $95.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $102.50.

Bel Fuse Stock Down 2.2%

NASDAQ:BELFB traded down $1.63 on Wednesday, hitting $73.33. 41,511 shares of the company's stock were exchanged, compared to its average volume of 79,147. The firm has a 50-day moving average price of $71.50 and a 200-day moving average price of $77.71. Bel Fuse Inc. has a 52 week low of $58.00 and a 52 week high of $92.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.92 and a quick ratio of 1.66. The company has a market cap of $928.87 million, a P/E ratio of 22.43, a price-to-earnings-growth ratio of 1.24 and a beta of 1.50.

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

Bel Fuse Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, July 15th. This represents a $0.24 dividend on an annualized basis and a yield of 0.33%. Bel Fuse's dividend payout ratio (DPR) is 8.14%.

About Bel Fuse

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.