North Star Investment Management Corp. boosted its stake in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 316,524 shares of the textile maker’s stock after buying an additional 5,000 shares during the period. North Star Investment Management Corp. owned 4.25% of Rocky Brands worth $4,257,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. ICM Asset Management Inc. WA raised its position in Rocky Brands by 68.3% in the fourth quarter. ICM Asset Management Inc. WA now owns 42,505 shares of the textile maker’s stock worth $491,000 after buying an additional 17,247 shares during the period. Marquette Asset Management Inc. bought a new position in Rocky Brands during the first quarter worth $175,000. Renaissance Technologies LLC raised its position in Rocky Brands by 3.6% in the fourth quarter. Renaissance Technologies LLC now owns 135,900 shares of the textile maker’s stock worth $1,570,000 after buying an additional 4,700 shares during the period. Pacific Ridge Capital Partners LLC raised its position in Rocky Brands by 11.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 175,568 shares of the textile maker’s stock valued at $2,028,000 after buying an additional 18,706 shares during the last quarter. Finally, Algert Global LLC raised its position in Rocky Brands by 136.0% in the first quarter. Algert Global LLC now owns 59,990 shares of the textile maker’s stock valued at $693,000 after buying an additional 34,567 shares during the last quarter. Institutional investors own 51.38% of the company’s stock.
Shares of Rocky Brands, Inc. (NASDAQ RCKY) traded down 1.06% on Friday, reaching $14.05. The company had a trading volume of 28,803 shares. Rocky Brands, Inc. has a 52-week low of $9.95 and a 52-week high of $15.70. The company has a 50 day moving average price of $13.21 and a 200 day moving average price of $12.53. The stock’s market capitalization is $104.53 million.
Rocky Brands (NASDAQ:RCKY) last announced its quarterly earnings results on Tuesday, July 25th. The textile maker reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.18. The company had revenue of $58.46 million for the quarter, compared to analysts’ expectations of $61.70 million. Rocky Brands had a net margin of 1.06% and a return on equity of 4.03%. On average, equities research analysts anticipate that Rocky Brands, Inc. will post $0.90 earnings per share for the current year.
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Several brokerages have weighed in on RCKY. TheStreet upgraded Rocky Brands from a “c” rating to a “b-” rating in a report on Tuesday. Zacks Investment Research raised Rocky Brands from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Friday. Finally, B. Riley reaffirmed a “neutral” rating and set a $13.00 price objective on shares of Rocky Brands in a research report on Monday, April 24th.
In other Rocky Brands news, Director Robert Burton Jr. Moore purchased 5,000 shares of the stock in a transaction on Monday, May 22nd. The shares were purchased at an average cost of $13.65 per share, for a total transaction of $68,250.00. Following the purchase, the director now owns 8,099 shares of the company’s stock, valued at $110,551.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.50% of the stock is currently owned by insiders.
About Rocky Brands
Rocky Brands, Inc is a designer, manufacturer and marketer of footwear and apparel marketed under a portfolio of brand names, including Rocky, Georgia Boot, Durango, Lehigh, Creative Recreation and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military.
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