Man Group plc Grows Position in Rocky Brands, Inc. (NASDAQ:RCKY)

Man Group plc lifted its holdings in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 54.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,710 shares of the textile maker’s stock after buying an additional 7,263 shares during the period. Man Group plc owned approximately 0.28% of Rocky Brands worth $472,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Wells Fargo & Company MN boosted its position 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 worth $97,000 after purchasing an additional 1,007 shares during the last quarter. Bank of America Corp DE boosted its position in Rocky Brands by 51.8% in the fourth quarter. Bank of America Corp DE now owns 8,863 shares of the textile maker’s stock worth $202,000 after purchasing an additional 3,025 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in Rocky Brands by 9.8% in the fourth quarter. Los Angeles Capital Management LLC now owns 9,228 shares of the textile maker’s stock worth $210,000 after purchasing an additional 820 shares during the last quarter. Voya Investment Management LLC boosted its position in Rocky Brands by 43.9% in the fourth quarter. Voya Investment Management LLC now owns 10,125 shares of the textile maker’s stock worth $231,000 after purchasing an additional 3,091 shares during the last quarter. Finally, Corton Capital Inc. purchased a new position in Rocky Brands in the fourth quarter worth about $243,000. 75.06% of the stock is owned by hedge funds and other institutional investors.

Rocky Brands Stock Down 1.3%

RCKY stock opened at $20.78 on Tuesday. Rocky Brands, Inc. has a twelve month low of $11.93 and a twelve month high of $39.70. 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 $155.04 million, a P/E ratio of 11.67 and a beta of 2.36. The business’s 50-day moving average price is $17.02 and its 200-day moving average price is $20.52.

Rocky Brands (NASDAQ:RCKY) last posted its quarterly earnings data on Tuesday, April 29th. The textile maker reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.21. Rocky Brands had a return on equity of 7.74% and a net margin of 2.94%. The firm had revenue of $114.07 million for the quarter, compared to analysts’ expectations of $112.67 million.

Rocky Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.155 per share. The ex-dividend date is Monday, June 2nd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.98%. Rocky Brands’s payout ratio is currently 33.88%.

Analyst Ratings Changes

Several research analysts have issued reports on RCKY shares. Robert W. Baird raised their target price on Rocky Brands from $16.00 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 30th. Wall Street Zen cut Rocky Brands from a “buy” rating to a “hold” rating in a research report on Monday, May 12th.

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.