Rocky Brands, Inc. (NASDAQ:RCKY) Holdings Lowered by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. trimmed its position in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 77.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,413 shares of the textile maker’s stock after selling 71,600 shares during the period. Deprince Race & Zollo Inc. owned 0.29% of Rocky Brands worth $791,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of RCKY. Trexquant Investment LP purchased a new stake in Rocky Brands in the 4th quarter worth about $555,000. Aristides Capital LLC increased its position in Rocky Brands by 3.5% during the fourth quarter. Aristides Capital LLC now owns 42,647 shares of the textile maker’s stock worth $1,287,000 after buying an additional 1,441 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Rocky Brands by 18.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 106,436 shares of the textile maker’s stock valued at $2,888,000 after buying an additional 16,852 shares in the last quarter. Yarger Wealth Strategies LLC acquired a new stake in shares of Rocky Brands in the first quarter worth about $245,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Rocky Brands by 59.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,570 shares of the textile maker’s stock worth $97,000 after acquiring an additional 1,332 shares in the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

Rocky Brands Stock Up 1.3 %

Shares of RCKY stock opened at $31.07 on Friday. The stock’s 50 day simple moving average is $31.08 and its 200 day simple moving average is $31.78. Rocky Brands, Inc. has a twelve month low of $11.77 and a twelve month high of $40.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 2.87. The company has a market capitalization of $230.63 million, a price-to-earnings ratio of 17.17 and a beta of 2.08.

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

Rocky Brands Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Tuesday, September 3rd. This represents a $0.62 annualized dividend and a dividend yield of 2.00%. Rocky Brands’s payout ratio is 34.25%.

Rocky Brands Company Profile

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.