Victory Capital Management Inc. Raises Holdings in Rocky Brands, Inc. (NASDAQ:RCKY)

Victory Capital Management Inc. boosted its position in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 29.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,710 shares of the textile maker’s stock after acquiring an additional 618 shares during the period. Victory Capital Management Inc.’s holdings in Rocky Brands were worth $100,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of RCKY. BNP Paribas Financial Markets increased its position in shares of Rocky Brands by 59.5% in the first quarter. BNP Paribas Financial Markets now owns 3,570 shares of the textile maker’s stock valued at $97,000 after buying an additional 1,332 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Rocky Brands in the 2nd quarter worth $149,000. Yarger Wealth Strategies LLC acquired a new position in Rocky Brands during the first quarter worth $245,000. Ritholtz Wealth Management purchased a new position in Rocky Brands during the second quarter valued at $486,000. Finally, Empowered Funds LLC acquired a new stake in shares of Rocky Brands in the first quarter valued at about $517,000. 75.06% of the stock is currently owned by institutional investors and hedge funds.

Rocky Brands Stock Down 2.9 %

RCKY opened at $29.45 on Wednesday. The company has a market cap of $218.61 million, a PE ratio of 16.27 and a beta of 2.08. Rocky Brands, Inc. has a twelve month low of $11.77 and a twelve month high of $40.14. The company has a 50-day moving average price of $31.29 and a 200 day moving average price of $31.80. The company has a quick ratio of 0.85, a current ratio of 2.87 and a debt-to-equity ratio of 0.64.

Rocky Brands (NASDAQ:RCKY) last announced its earnings results on Tuesday, July 30th. The textile maker reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. The business had revenue of $98.26 million during the quarter. Rocky Brands had a return on equity of 8.85% and a net margin of 3.21%.

Rocky Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Tuesday, September 3rd. Rocky Brands’s payout ratio is 34.25%.

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.