Aristides Capital LLC Buys 1,441 Shares of Rocky Brands, Inc. (NASDAQ:RCKY)

Aristides Capital LLC grew its stake in shares of Rocky Brands, Inc. (NASDAQ:RCKYFree Report) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,647 shares of the textile maker’s stock after buying an additional 1,441 shares during the quarter. Aristides Capital LLC owned 0.58% of Rocky Brands worth $1,287,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Manatuck Hill Partners LLC bought a new stake in Rocky Brands during the third quarter worth about $588,000. Trexquant Investment LP purchased a new stake in Rocky Brands in the fourth quarter worth approximately $555,000. Quadrature Capital Ltd purchased a new stake in Rocky Brands in the third quarter worth approximately $261,000. Panagora Asset Management Inc. purchased a new position in shares of Rocky Brands during the fourth quarter worth approximately $508,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Rocky Brands by 22.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 89,584 shares of the textile maker’s stock worth $2,704,000 after acquiring an additional 16,220 shares during the last quarter. 75.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on RCKY shares. B. Riley lifted their target price on shares of Rocky Brands from $19.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 27th. Robert W. Baird increased their target price on Rocky Brands from $28.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, May 1st. Finally, StockNews.com cut Rocky Brands from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th.

Check Out Our Latest Stock Analysis on RCKY

Rocky Brands Trading Down 1.9 %

Shares of RCKY stock traded down $0.74 during mid-day trading on Friday, reaching $37.25. The stock had a trading volume of 1,307 shares, compared to its average volume of 35,978. The firm has a market capitalization of $276.51 million, a PE ratio of 20.99 and a beta of 2.10. The stock’s 50-day moving average price is $31.63 and its two-hundred day moving average price is $29.20. The company has a current ratio of 3.31, a quick ratio of 1.10 and a debt-to-equity ratio of 0.68. Rocky Brands, Inc. has a 52-week low of $11.77 and a 52-week high of $40.14.

Rocky Brands (NASDAQ:RCKYGet Free Report) last announced its earnings results on Tuesday, April 30th. The textile maker reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.39. The company had revenue of $112.91 million during the quarter, compared to the consensus estimate of $108.01 million. Rocky Brands had a return on equity of 8.41% and a net margin of 2.88%.

Rocky Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be given a dividend of $0.155 per share. The ex-dividend date is Friday, May 31st. This represents a $0.62 annualized dividend and a dividend yield of 1.66%. Rocky Brands’s dividend payout ratio is presently 34.25%.

Insider Buying and Selling

In related news, insider Curtis A. Loveland sold 2,515 shares of Rocky Brands stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $35.56, for a total transaction of $89,433.40. Following the completion of the transaction, the insider now directly owns 96,783 shares of the company’s stock, valued at approximately $3,441,603.48. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Curtis A. Loveland sold 2,515 shares of Rocky Brands stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $35.56, for a total transaction of $89,433.40. Following the transaction, the insider now directly owns 96,783 shares of the company’s stock, valued at $3,441,603.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director G Courtney Haning sold 5,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $32.78, for a total transaction of $163,900.00. Following the sale, the director now directly owns 20,686 shares of the company’s stock, valued at $678,087.08. The disclosure for this sale can be found here. 8.20% of the stock is owned by insiders.

About Rocky Brands

(Free Report)

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.

See Also

Institutional Ownership by Quarter for Rocky Brands (NASDAQ:RCKY)

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