Rocky Brands, Inc. (NASDAQ:RCKY) Shares Purchased by Inspire Advisors LLC

Inspire Advisors LLC increased its position in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 80.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,221 shares of the textile maker’s stock after purchasing an additional 8,582 shares during the period. Inspire Advisors LLC’s holdings in Rocky Brands were worth $438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of RCKY. Dynamic Technology Lab Private Ltd purchased a new stake in Rocky Brands in the third quarter valued at $224,000. JPMorgan Chase & Co. lifted its position in Rocky Brands by 133.8% in the third quarter. JPMorgan Chase & Co. now owns 8,182 shares of the textile maker’s stock valued at $261,000 after acquiring an additional 4,683 shares during the last quarter. Los Angeles Capital Management LLC lifted 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 valued at $210,000 after acquiring an additional 820 shares during the last quarter. Barclays PLC lifted its position 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 acquiring an additional 7,270 shares during the last quarter. Finally, Yarger Wealth Strategies LLC lifted its position in Rocky Brands by 6.0% in the fourth quarter. Yarger Wealth Strategies LLC now owns 10,873 shares of the textile maker’s stock valued at $248,000 after acquiring an additional 614 shares during the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Rocky Brands from a “buy” rating to a “hold” rating in a research note on Saturday, February 8th.

Rocky Brands Trading Up 0.3 %

NASDAQ RCKY opened at $18.94 on Thursday. The firm has a market cap of $141.18 million, a PE ratio of 10.64 and a beta of 2.18. The firm’s fifty day moving average is $22.91 and its two-hundred day moving average is $25.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 2.79. Rocky Brands, Inc. has a one year low of $18.22 and a one year high of $40.14.

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

Rocky Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Monday, March 3rd. Rocky Brands’s dividend payout ratio is presently 41.06%.

About Rocky Brands

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.