Nationwide Fund Advisors maintained its position in shares of Rocky Brands, Inc. (NASDAQ:RCKY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,032 shares of the textile maker’s stock at the end of the first quarter. Nationwide Fund Advisors owned approximately 0.12% of Rocky Brands worth $104,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. ICM Asset Management Inc. WA boosted its position in shares of Rocky Brands by 68.3% in the fourth quarter. ICM Asset Management Inc. WA now owns 42,505 shares of the textile maker’s stock worth $491,000 after buying an additional 17,247 shares during the last quarter. Marquette Asset Management Inc. bought a new stake in Rocky Brands during the first quarter worth $175,000. Finally, Renaissance Technologies LLC raised its stake in Rocky Brands by 3.6% in the fourth quarter. Renaissance Technologies LLC now owns 135,900 shares of the textile maker’s stock worth $1,570,000 after buying an additional 4,700 shares during the period. Institutional investors and hedge funds own 51.61% of the company’s stock.
Shares of Rocky Brands, Inc. (NASDAQ:RCKY) opened at 12.70 on Friday. The stock’s market cap is $94.49 million. The stock’s 50 day moving average price is $13.92 and its 200-day moving average price is $12.32. Rocky Brands, Inc. has a 1-year low of $9.95 and a 1-year high of $15.70.
A number of analysts have recently weighed in on RCKY shares. Zacks Investment Research raised Rocky Brands from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 19th. B. Riley reissued a “neutral” rating and set a $12.00 price objective on shares of Rocky Brands in a research note on Wednesday, April 19th.
In related news, Director Robert Burton Jr. Moore bought 5,000 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were purchased at an average price of $13.65 per share, with a total value of $68,250.00. Following the transaction, the director now owns 8,099 shares in the company, valued at approximately $110,551.35. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 8.90% of the company’s stock.
Rocky Brands Company Profile
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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