Tema Etfs LLC Raises Position in Bel Fuse Inc. $BELFB

Key Points

• Tema Etfs LLC significantly increased its holdings in Bel Fuse Inc. by 351.3% during the first quarter, owning approximately $2.88 million in stock.
• Analysts have a consensus rating of “Buy” for Bel Fuse's stock, with several firms increasing price targets, the highest being $130.00 from Needham & Company LLC.
• Bel Fuse recently declared an increased quarterly dividend of $0.07 per share, showcasing a positive change from the previous dividend of $0.06.

Tema Etfs LLC raised its stake in Bel Fuse Inc. (NASDAQ:BELFB - Free Report) by 351.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,417 shares of the electronics maker's stock after buying an additional 29,905 shares during the period. Tema Etfs LLC owned about 0.30% of Bel Fuse worth $2,876,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its position in shares of Bel Fuse by 147.1% in the 1st quarter. CWM LLC now owns 383 shares of the electronics maker's stock valued at $29,000 after buying an additional 228 shares during the last quarter. ProShare Advisors LLC bought a new stake in shares of Bel Fuse in the 4th quarter valued at about $240,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Bel Fuse by 40.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,959 shares of the electronics maker's stock valued at $222,000 after buying an additional 854 shares during the last quarter. Aristides Capital LLC bought a new stake in shares of Bel Fuse in the 1st quarter valued at about $225,000. Finally, Walleye Capital LLC bought a new stake in shares of Bel Fuse in the 1st quarter valued at about $256,000. Institutional investors own 58.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Northland Securities upped their price target on Bel Fuse from $93.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, June 30th. Baird R W raised Bel Fuse to a "strong-buy" rating in a research note on Tuesday, June 10th. Robert W. Baird initiated coverage on Bel Fuse in a research note on Tuesday, June 10th. They issued an "outperform" rating and a $88.00 price objective on the stock. Wall Street Zen downgraded Bel Fuse from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 23rd. Finally, Needham & Company LLC boosted their price objective on Bel Fuse from $116.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat.com, Bel Fuse has an average rating of "Buy" and a consensus target price of $113.60.

Insider Buying and Selling

In related news, VP Kenneth Koon Keung Lai sold 4,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $84.03, for a total transaction of $336,120.00. Following the transaction, the vice president directly owned 12,155 shares of the company's stock, valued at approximately $1,021,384.65. This represents a 24.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen Dawson sold 1,200 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $127.07, for a total value of $152,484.00. Following the transaction, the insider directly owned 14,265 shares in the company, valued at approximately $1,812,653.55. This trade represents a 7.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,100 shares of company stock worth $731,804. 5.37% of the stock is owned by company insiders.

Bel Fuse Stock Down 1.3%

BELFB stock traded down $1.73 during trading on Monday, reaching $134.56. 90,388 shares of the stock were exchanged, compared to its average volume of 137,610. The firm's 50 day moving average is $116.10 and its 200 day moving average is $89.64. Bel Fuse Inc. has a twelve month low of $57.99 and a twelve month high of $141.80. The company has a current ratio of 3.05, a quick ratio of 1.72 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.70 billion, a P/E ratio of 32.98, a price-to-earnings-growth ratio of 1.74 and a beta of 1.59.

Bel Fuse Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Wednesday, October 15th will be paid a dividend of $0.07 per share. This is an increase from Bel Fuse's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $0.28 dividend on an annualized basis and a yield of 0.2%. Bel Fuse's dividend payout ratio (DPR) is currently 6.86%.

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.