Clearline Capital LP Acquires New Shares in Rogers Corporation $ROG

Key Points

• Clearline Capital LP purchased 174,310 shares of Rogers Corporation valued at approximately $11.77 million, making them own about 0.94% of the company as of the latest SEC filing.
• Rogers Corporation reported a quarterly EPS of $0.34, which missed analysts' expectations, while its revenue for the quarter was $202.80 million, surpassing estimates.
• The stock has experienced a decline of 1.0% recently, with current trading at $78.93 and a market cap of $1.43 billion.

Clearline Capital LP bought a new position in shares of Rogers Corporation (NYSE:ROG - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 174,310 shares of the electronics maker's stock, valued at approximately $11,771,000. Clearline Capital LP owned approximately 0.94% of Rogers at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Neuberger Berman Group LLC grew its holdings in shares of Rogers by 5.5% during the first quarter. Neuberger Berman Group LLC now owns 1,025,716 shares of the electronics maker's stock worth $69,267,000 after buying an additional 53,093 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Rogers by 66.0% during the 4th quarter. Ameriprise Financial Inc. now owns 453,144 shares of the electronics maker's stock worth $46,044,000 after acquiring an additional 180,086 shares during the period. Bank of America Corp DE increased its holdings in shares of Rogers by 26.6% in the fourth quarter. Bank of America Corp DE now owns 321,337 shares of the electronics maker's stock valued at $32,651,000 after purchasing an additional 67,454 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Rogers by 4.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 254,306 shares of the electronics maker's stock valued at $17,173,000 after buying an additional 11,392 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Rogers by 1.2% in the 1st quarter. Northern Trust Corp now owns 213,242 shares of the electronics maker's stock valued at $14,400,000 after acquiring an additional 2,610 shares during the period. 96.02% of the stock is currently owned by institutional investors.

Rogers Stock Up 5.9%

Shares of ROG traded up $4.66 during midday trading on Thursday, reaching $84.01. 375,235 shares of the stock were exchanged, compared to its average volume of 230,646. The company has a market cap of $1.52 billion, a P/E ratio of -23.80 and a beta of 0.51. Rogers Corporation has a twelve month low of $51.43 and a twelve month high of $114.05. The stock's 50 day simple moving average is $72.78 and its 200 day simple moving average is $69.41.

Rogers (NYSE:ROG - Get Free Report) last announced its earnings results on Thursday, July 31st. The electronics maker reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.16). The business had revenue of $202.80 million for the quarter, compared to analyst estimates of $198.75 million. Rogers had a positive return on equity of 3.04% and a negative net margin of 8.14%. Rogers has set its Q3 2025 guidance at 0.500-0.900 EPS. As a group, analysts predict that Rogers Corporation will post 3.57 earnings per share for the current year.

Rogers Profile

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.