GSA Capital Partners LLP Lowers Stake in Rocky Brands, Inc. (RCKY)

GSA Capital Partners LLP lowered its holdings in Rocky Brands, Inc. (NASDAQ:RCKY) by 51.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,226 shares of the textile maker’s stock after selling 30,094 shares during the period. GSA Capital Partners LLP owned approximately 0.38% of Rocky Brands worth $380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Two Sigma Securities LLC bought a new stake in shares of Rocky Brands in the first quarter valued at approximately $122,000. Ameriprise Financial Inc. bought a new stake in Rocky Brands during the 2nd quarter worth approximately $164,000. Marquette Asset Management Inc. increased its holdings in Rocky Brands by 9.5% during the 2nd quarter. Marquette Asset Management Inc. now owns 16,555 shares of the textile maker’s stock worth $223,000 after acquiring an additional 1,434 shares during the period. JPMorgan Chase & Co. increased its holdings in Rocky Brands by 332.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 18,835 shares of the textile maker’s stock worth $253,000 after acquiring an additional 14,478 shares during the period. Finally, ClariVest Asset Management LLC bought a new stake in Rocky Brands during the 2nd quarter worth approximately $355,000. 56.93% of the stock is currently owned by institutional investors.

In other news, Director Robert Burton Jr. Moore purchased 5,000 shares of the stock in a transaction on Friday, August 25th. The shares were acquired at an average price of $13.80 per share, with a total value of $69,000.00. Following the completion of the acquisition, the director now directly owns 13,619 shares of the company’s stock, valued at $187,942.20. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.50% of the stock is owned by insiders.

A number of research firms recently weighed in on RCKY. ValuEngine raised shares of Rocky Brands from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Rocky Brands from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Friday, July 28th. TheStreet raised shares of Rocky Brands from a “c” rating to a “b-” rating in a report on Tuesday, July 25th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $13.00 target price on shares of Rocky Brands in a report on Sunday, September 3rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $14.00.

COPYRIGHT VIOLATION NOTICE: “GSA Capital Partners LLP Lowers Stake in Rocky Brands, Inc. (RCKY)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/15/gsa-capital-partners-llp-lowers-stake-in-rocky-brands-inc-rcky.html.

Shares of Rocky Brands, Inc. (RCKY) opened at 14.45 on Friday. Rocky Brands, Inc. has a 12-month low of $9.95 and a 12-month high of $15.70. The company has a market cap of $107.59 million, a price-to-earnings ratio of 38.95 and a beta of 0.59. The company’s 50-day moving average is $13.68 and its 200-day moving average is $13.44.

Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings results on Tuesday, July 25th. The textile maker reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.18. Rocky Brands had a net margin of 1.06% and a return on equity of 4.02%. The business had revenue of $58.46 million for the quarter, compared to the consensus estimate of $61.70 million. Equities research analysts predict that Rocky Brands, Inc. will post $0.90 earnings per share for the current year.

About Rocky Brands

Rocky Brands, Inc is a designer, manufa

Other hedge funds and other institutional investors have also bought and sold shares of the company. Two Sigma Securities LLC bought a new stake in shares of Rocky Brands in the first quarter valued at approximately $122,000. Ameriprise Financial Inc. bought a new stake in Rocky Brands during the 2nd quarter worth approximately $164,000. Marquette Asset Management Inc. increased its holdings in Rocky Brands by 9.5% during the 2nd quarter. Marquette Asset Management Inc. now owns 16,555 shares of the textile maker’s stock worth $223,000 after acquiring an additional 1,434 shares during the period. JPMorgan Chase & Co. increased its holdings in Rocky Brands by 332.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 18,835 shares of the textile maker’s stock worth $253,000 after acquiring an additional 14,478 shares during the period. Finally, ClariVest Asset Management LLC bought a new stake in Rocky Brands during the 2nd quarter worth approximately $355,000. 56.93% of the stock is currently owned by institutional investors.

In other news, Director Robert Burton Jr. Moore purchased 5,000 shares of the stock in a transaction on Friday, August 25th. The shares were acquired at an average price of $13.80 per share, with a total value of $69,000.00. Following the completion of the acquisition, the director now directly owns 13,619 shares of the company’s stock, valued at $187,942.20. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.50% of the stock is owned by insiders.

A number of research firms recently weighed in on RCKY. ValuEngine raised shares of Rocky Brands from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Rocky Brands from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Friday, July 28th. TheStreet raised shares of Rocky Brands from a “c” rating to a “b-” rating in a report on Tuesday, July 25th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $13.00 target price on shares of Rocky Brands in a report on Sunday, September 3rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $14.00.

COPYRIGHT VIOLATION NOTICE: “GSA Capital Partners LLP Lowers Stake in Rocky Brands, Inc. (RCKY)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/15/gsa-capital-partners-llp-lowers-stake-in-rocky-brands-inc-rcky.html.

Shares of Rocky Brands, Inc. (RCKY) opened at 14.45 on Friday. Rocky Brands, Inc. has a 12-month low of $9.95 and a 12-month high of $15.70. The company has a market cap of $107.59 million, a price-to-earnings ratio of 38.95 and a beta of 0.59. The company’s 50-day moving average is $13.68 and its 200-day moving average is $13.44.

Rocky Brands (NASDAQ:RCKY) last issued its quarterly earnings results on Tuesday, July 25th. The textile maker reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.18. Rocky Brands had a net margin of 1.06% and a return on equity of 4.02%. The business had revenue of $58.46 million for the quarter, compared to the consensus estimate of $61.70 million. Equities research analysts predict that Rocky Brands, Inc. will post $0.90 earnings per share for the current year.

About Rocky Brands

Rocky Brands, Inc is a designer, manufacturer and marketer of footwear and apparel marketed under a portfolio of brand names, including Rocky, Georgia Boot, Durango, Lehigh, Creative Recreation and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military.

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Institutional Ownership by Quarter for Rocky Brands (NASDAQ:RCKY)

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