Fig Financial Advisory Services Inc. ADV Invests $1.34 Million in RBC Bearings Incorporated $ROLL

Fig Financial Advisory Services Inc. ADV purchased a new stake in shares of RBC Bearings Incorporated (NASDAQ:ROLL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,076 shares of the company’s stock, valued at approximately $1,337,000.

Other large investors have also recently modified their holdings of the company. GSA Capital Partners LLP bought a new position in RBC Bearings in the second quarter worth approximately $281,000. State of Wyoming bought a new stake in RBC Bearings during the 2nd quarter valued at $1,151,000. Focus Partners Advisor Solutions LLC bought a new stake in RBC Bearings during the 2nd quarter valued at $1,178,000. Bank of New York Mellon Corp purchased a new stake in shares of RBC Bearings in the 2nd quarter worth $112,479,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of RBC Bearings in the 2nd quarter worth $1,431,000.

RBC Bearings Trading Down 0.5%

ROLL opened at $557.62 on Wednesday. The company has a market capitalization of $16.13 billion, a price-to-earnings ratio of 270.69 and a beta of 1.34. RBC Bearings Incorporated has a 12-month low of $152.90 and a 12-month high of $264.94. The business’s fifty day simple moving average is $593.60 and its 200-day simple moving average is $575.72.

About RBC Bearings

RBC Bearings Inc is a designer and manufacturer of precision bearing products and components for demanding applications in the aerospace, defense and industrial markets. The company’s product lineup includes ball bearings, roller bearings, spherical plain bearings, rod ends, roller screws and custom-engineered solutions tailored to specific customer requirements. Its bearings are used in aircraft landing gear, engine systems, gearboxes, industrial machinery, robotics and other applications where high reliability and performance are essential.

Founded more than a century ago, RBC Bearings has grown through both internal development and strategic acquisitions, broadening its technology base and expanding its product offerings.