Nationwide Fund Advisors Buys 33,276 Shares of Rocky Brands, Inc. (RCKY)
Nationwide Fund Advisors lifted its holdings in Rocky Brands, Inc. (NASDAQ:RCKY) by 368.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,308 shares of the textile maker’s stock after acquiring an additional 33,276 shares during the quarter. Nationwide Fund Advisors owned approximately 0.57% of Rocky Brands worth $569,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. acquired a new position in shares of Rocky Brands in the 2nd quarter worth approximately $164,000. Marquette Asset Management Inc. boosted its holdings in shares of Rocky Brands by 9.5% in 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Rocky Brands by 332.3% in 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 in the last quarter. ClariVest Asset Management LLC acquired a new position in shares of Rocky Brands in the 2nd quarter worth approximately $355,000. Finally, Algert Global LLC boosted its holdings in shares of Rocky Brands by 145.3% in the 2nd quarter. Algert Global LLC now owns 147,133 shares of the textile maker’s stock worth $1,979,000 after acquiring an additional 87,143 shares in the last quarter. 57.14% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Robert Burton Jr. Moore bought 5,000 shares of the firm’s stock in a transaction that occurred 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 acquisition, the director now owns 13,619 shares of the company’s stock, valued at approximately $187,942.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.50% of the company’s stock.
Several brokerages have recently commented on RCKY. ValuEngine raised Rocky Brands from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research downgraded Rocky Brands from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Robert W. Baird boosted their target price on Rocky Brands from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, TheStreet raised Rocky Brands from a “c” rating to a “b-” rating in a report on Tuesday, July 25th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $15.00.
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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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