Russell Investments Group Ltd. Sells 13,735 Shares of Rocky Brands, Inc. (NASDAQ:RCKY)

Russell Investments Group Ltd. reduced its position in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 27.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,949 shares of the textile maker’s stock after selling 13,735 shares during the period. Russell Investments Group Ltd. owned about 0.50% of Rocky Brands worth $842,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in Rocky Brands by 31.2% in the fourth quarter. Wells Fargo & Company MN now owns 4,236 shares of the textile maker’s stock valued at $97,000 after purchasing an additional 1,007 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Rocky Brands by 133.8% during the third quarter. JPMorgan Chase & Co. now owns 8,182 shares of the textile maker’s stock worth $261,000 after purchasing an additional 4,683 shares during the period. Los Angeles Capital Management LLC increased 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 worth $210,000 after buying an additional 820 shares during the last quarter. Barclays PLC raised its stake in Rocky Brands by 292.3% in the third quarter. Barclays PLC now owns 9,757 shares of the textile maker’s stock valued at $311,000 after buying an additional 7,270 shares during the period. Finally, Yarger Wealth Strategies LLC lifted its stake in shares of 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 buying an additional 614 shares during the last quarter. 75.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Rocky Brands Price Performance

Shares of RCKY opened at $12.86 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 2.79 and a debt-to-equity ratio of 0.62. The stock has a market cap of $95.97 million, a PE ratio of 7.22 and a beta of 2.25. Rocky Brands, Inc. has a 12-month low of $11.93 and a 12-month high of $40.14. The business has a 50-day simple moving average of $18.03 and a two-hundred day simple moving average of $21.90.

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

Rocky Brands Dividend Announcement

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

Rocky Brands 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.