North Star Investment Management Corp. reduced its stake in shares of Rocky Brands Inc (NASDAQ:RCKY) by 18.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,945 shares of the textile maker’s stock after selling 45,300 shares during the period. Rocky Brands accounts for about 0.8% of North Star Investment Management Corp.’s holdings, making the stock its 27th biggest position. North Star Investment Management Corp. owned about 2.80% of Rocky Brands worth $6,877,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of RCKY. BNP Paribas Arbitrage SA raised its position in shares of Rocky Brands by 502.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,422 shares of the textile maker’s stock worth $34,000 after purchasing an additional 1,186 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Rocky Brands during the 1st quarter worth approximately $105,000. Strs Ohio raised its position in shares of Rocky Brands by 7.8% during the 2nd quarter. Strs Ohio now owns 13,900 shares of the textile maker’s stock worth $379,000 after purchasing an additional 1,000 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of Rocky Brands by 7.4% during the 2nd quarter. WINTON GROUP Ltd now owns 14,811 shares of the textile maker’s stock worth $404,000 after purchasing an additional 1,023 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Rocky Brands during the 1st quarter worth approximately $542,000. Hedge funds and other institutional investors own 73.63% of the company’s stock.
RCKY traded down $0.41 during trading on Thursday, hitting $31.03. The company’s stock had a trading volume of 2,006 shares, compared to its average volume of 39,234. The firm’s 50 day moving average price is $30.24 and its 200-day moving average price is $27.50. The stock has a market cap of $245.79 million, a PE ratio of 16.78 and a beta of 0.53. Rocky Brands Inc has a twelve month low of $22.44 and a twelve month high of $34.14.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.14 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.56 annualized dividend and a yield of 1.80%. Rocky Brands’s dividend payout ratio (DPR) is presently 29.79%.
Several brokerages recently issued reports on RCKY. Zacks Investment Research downgraded Rocky Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. ValuEngine downgraded Rocky Brands from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd.
In other Rocky Brands news, Director James L. Stewart sold 2,500 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $30.17, for a total value of $75,425.00. Following the completion of the transaction, the director now directly owns 11,508 shares in the company, valued at approximately $347,196.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael L. Finn sold 2,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $29.89, for a total value of $59,780.00. Following the completion of the transaction, the director now owns 25,717 shares of the company’s stock, valued at $768,681.13. The disclosure for this sale can be found here. Insiders sold a total of 5,000 shares of company stock valued at $151,185 over the last quarter. 7.80% of the stock is currently owned by insiders.
Rocky Brands Company Profile
Rocky Brands, Inc designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehigh, and Michelin brand names in the United States, Canada, and internationally. The company operates through three segments: Wholesale, Retail, and Military. The Wholesale segment offers products in approximately 10,000 retail locations through a range of distribution channels comprising sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, and specialty and online retailers.
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