Raymond James & Associates Grows Position in Rocky Brands, Inc. (NASDAQ:RCKY)

Raymond James & Associates boosted its stake in shares of Rocky Brands, Inc. (NASDAQ:RCKY – Get Rating) by 18.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 531,853 shares of the textile maker’s stock after purchasing an additional 82,791 shares during the period. Raymond James & Associates owned about 7.28% of Rocky Brands worth $10,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Quantbot Technologies LP grew its stake in shares of Rocky Brands by 103.8% during the first quarter. Quantbot Technologies LP now owns 801 shares of the textile maker’s stock valued at $33,000 after buying an additional 408 shares during the last quarter. Rhumbline Advisers lifted its holdings in Rocky Brands by 4.7% during the second quarter. Rhumbline Advisers now owns 9,781 shares of the textile maker’s stock worth $334,000 after buying an additional 442 shares during the period. Bank of New York Mellon Corp lifted its holdings in Rocky Brands by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 67,530 shares of the textile maker’s stock worth $2,809,000 after buying an additional 463 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Rocky Brands by 14.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,683 shares of the textile maker’s stock valued at $126,000 after purchasing an additional 470 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Rocky Brands by 0.4% during the 1st quarter. State Street Corp now owns 121,685 shares of the textile maker’s stock valued at $5,061,000 after purchasing an additional 489 shares during the last quarter. 75.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director James L. Stewart sold 2,000 shares of the company’s stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $24.49, for a total transaction of $48,980.00. Following the completion of the transaction, the director now directly owns 17,238 shares of the company’s stock, valued at approximately $422,158.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 9.00% of the company’s stock.

Rocky Brands Trading Up 6.6 %

Shares of Rocky Brands stock opened at $30.00 on Thursday. The company has a current ratio of 3.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.34. The firm’s 50-day moving average price is $25.56 and its 200 day moving average price is $26.25. Rocky Brands, Inc. has a twelve month low of $18.00 and a twelve month high of $48.90. The firm has a market capitalization of $219.78 million, a PE ratio of 8.40 and a beta of 0.97.

Rocky Brands (NASDAQ:RCKY – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The textile maker reported $0.74 earnings per share (EPS) for the quarter. The business had revenue of $147.49 million during the quarter. Rocky Brands had a net margin of 4.10% and a return on equity of 14.67%.

Rocky Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were paid a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, November 30th. This represents a $0.62 annualized dividend and a dividend yield of 2.07%. Rocky Brands’s dividend payout ratio (DPR) is 17.37%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Rocky Brands in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock.

About Rocky Brands

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Rocky Brands, Inc designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehigh, Muck, XTRATUF, Servus, NEOS, Ranger, and licensed Michelin brand names in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments.