Bel Fuse Inc. $BELFB is Tema ETFs LLC’s 6th Largest Position

Tema ETFs LLC grew its position in Bel Fuse Inc. (NASDAQ:BELFB) by 52.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 202,849 shares of the electronics maker’s stock after acquiring an additional 69,531 shares during the quarter. Bel Fuse accounts for 2.2% of Tema ETFs LLC’s portfolio, making the stock its 6th biggest holding. Tema ETFs LLC owned approximately 1.59% of Bel Fuse worth $67,557,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Farther Finance Advisors LLC lifted its position in Bel Fuse by 365.6% during the fourth quarter. Farther Finance Advisors LLC now owns 149 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 117 shares during the last quarter. State of Wyoming purchased a new stake in shares of Bel Fuse during the 1st quarter valued at about $30,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Bel Fuse during the 4th quarter valued at about $33,000. KBC Group NV bought a new position in shares of Bel Fuse in the 1st quarter valued at about $38,000. Finally, Signature Equity Partners LLC purchased a new position in Bel Fuse in the first quarter worth about $39,000. 58.39% of the stock is owned by hedge funds and other institutional investors.

Bel Fuse Stock Performance

Shares of NASDAQ BELFB opened at $290.10 on Wednesday. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 70.07, a PEG ratio of 3.01 and a beta of 1.72. The stock has a 50 day moving average price of $282.47 and a 200 day moving average price of $251.48. Bel Fuse Inc. has a 52-week low of $124.42 and a 52-week high of $335.29.

Bel Fuse Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Thursday, October 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Thursday, October 15th. Bel Fuse’s dividend payout ratio is currently 6.76%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BELFB shares. B. Riley Financial started coverage on Bel Fuse in a research report on Tuesday, July 14th. They set a “buy” rating on the stock. Wall Street Zen upgraded Bel Fuse from a “hold” rating to a “buy” rating in a report on Saturday. Northland Securities set a $326.00 price target on Bel Fuse in a research report on Friday, July 31st. Bank of America assumed coverage on shares of Bel Fuse in a research note on Tuesday, July 14th. They set a “buy” rating and a $330.00 price objective for the company. Finally, Citigroup initiated coverage on shares of Bel Fuse in a research report on Monday, July 13th. They set a “buy” rating on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $324.00.

About Bel Fuse

Bel Fuse Inc is a global manufacturer of electronic components that bridge power, data and video applications. The company offers a comprehensive portfolio of products, including board-level circuit protection devices such as fuses, positive temperature coefficient (PTC) resistors and inductors; power transformers, modules and supplies; as well as connectivity solutions encompassing USB, HDMI, RJ45, coaxial and fiber-optic connectors. These products serve a wide array of end markets, including telecommunications, data communications, consumer electronics, industrial automation, automotive and renewable energy.

Founded in 1949 and headquartered in Oradell, New Jersey, Bel Fuse has grown through organic expansion and strategic acquisitions.