Bailard Inc. Acquires Shares of 12,140 Rocky Brands, Inc. (NASDAQ:RCKY)

Bailard Inc. bought a new position in shares of Rocky Brands, Inc. (NASDAQ:RCKY) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 12,140 shares of the textile maker’s stock, valued at approximately $277,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in Rocky Brands during the third quarter valued at $224,000. JPMorgan Chase & Co. raised its position in shares of Rocky Brands by 133.8% during the 3rd 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 last quarter. Los Angeles Capital Management LLC lifted its stake in Rocky Brands by 9.8% in the 4th quarter. Los Angeles Capital Management LLC now owns 9,228 shares of the textile maker’s stock valued at $210,000 after buying an additional 820 shares in the last quarter. Barclays PLC boosted its holdings in Rocky Brands by 292.3% in the 3rd quarter. Barclays PLC now owns 9,757 shares of the textile maker’s stock worth $311,000 after buying an additional 7,270 shares during the last quarter. Finally, Summit Global Investments acquired a new stake in Rocky Brands in the 3rd quarter worth about $341,000. Hedge funds and other institutional investors own 75.06% of the company’s stock.

Rocky Brands Trading Up 0.7 %

Shares of RCKY opened at $18.54 on Thursday. The firm’s fifty day moving average is $23.36 and its two-hundred day moving average is $25.49. The stock has a market cap of $138.20 million, a PE ratio of 10.42 and a beta of 2.10. The company has a quick ratio of 0.93, a current ratio of 2.79 and a debt-to-equity ratio of 0.62. Rocky Brands, Inc. has a 52-week low of $18.22 and a 52-week high of $40.14.

Rocky Brands (NASDAQ:RCKY) last issued its earnings results on Tuesday, February 25th. The textile maker reported $1.19 earnings per share 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 company had revenue of $128.05 million for the quarter, compared to analyst estimates of $125.44 million.

Rocky Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.34%. The ex-dividend date is Monday, March 3rd. Rocky Brands’s payout ratio is currently 41.06%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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.