Russell Investments Group Ltd. Has $842,000 Stock Position in Rocky Brands, Inc. (NASDAQ:RCKY)

Russell Investments Group Ltd. lessened its position in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 27.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 36,949 shares of the textile maker’s stock after selling 13,735 shares during the quarter. Russell Investments Group Ltd.’s holdings in Rocky Brands were worth $842,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN increased its position in shares of Rocky Brands by 31.2% during the fourth quarter. Wells Fargo & Company MN now owns 4,236 shares of the textile maker’s stock worth $97,000 after buying an additional 1,007 shares during the period. Los Angeles Capital Management LLC boosted its position in Rocky Brands by 9.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 9,228 shares of the textile maker’s stock valued at $210,000 after acquiring an additional 820 shares during the last quarter. Yarger Wealth Strategies LLC grew its holdings in Rocky Brands by 6.0% during the 4th quarter. Yarger Wealth Strategies LLC now owns 10,873 shares of the textile maker’s stock worth $248,000 after acquiring an additional 614 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Rocky Brands by 133.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,182 shares of the textile maker’s stock valued at $261,000 after purchasing an additional 4,683 shares during the period. Finally, Bailard Inc. acquired a new position in shares of Rocky Brands in the 4th quarter valued at about $277,000. Institutional investors and hedge funds own 75.06% of the company’s stock.

Rocky Brands Trading Up 0.2 %

NASDAQ:RCKY opened at $12.86 on Tuesday. The firm has a fifty day simple moving average of $18.03 and a two-hundred day simple moving average of $21.90. Rocky Brands, Inc. has a 12 month low of $11.93 and a 12 month high of $40.14. The stock has a market capitalization of $95.97 million, a price-to-earnings ratio of 7.22 and a beta of 2.25. The company has a current ratio of 2.79, a quick ratio of 0.93 and a debt-to-equity ratio of 0.62.

Rocky Brands (NASDAQ:RCKY) last issued its earnings results on Tuesday, February 25th. The textile maker reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). Rocky Brands had a net margin of 2.94% and a return on equity of 7.74%. The firm had revenue of $128.05 million during the quarter, compared to the consensus estimate of $125.44 million.

Rocky Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend was Monday, March 3rd. Rocky Brands’s dividend payout ratio (DPR) is 41.06%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Rocky Brands from a “buy” rating to a “hold” rating in a report on Saturday, February 8th.

Rocky Brands Company Profile

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.