Clearline Capital LP Buys Shares of 174,310 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 stake in Rogers Corporation (NYSE:ROG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Rogers by 243.5% in the first quarter. GAMMA Investing LLC now owns 371 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 263 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Rogers by 698.9% in the first quarter. Versant Capital Management Inc now owns 703 shares of the electronics maker's stock valued at $47,000 after acquiring an additional 615 shares in the last quarter. Signaturefd LLC lifted its position in shares of Rogers by 6,118.8% in the first quarter. Signaturefd LLC now owns 995 shares of the electronics maker's stock valued at $67,000 after acquiring an additional 979 shares in the last quarter. KBC Group NV lifted its position in shares of Rogers by 67.3% in the first quarter. KBC Group NV now owns 1,119 shares of the electronics maker's stock valued at $76,000 after acquiring an additional 450 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Rogers by 3,893.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,957 shares of the electronics maker's stock worth $132,000 after buying an additional 1,908 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company's stock.

Rogers Trading Down 3.4%

NYSE ROG traded down $2.83 on Friday, reaching $81.11. 333,851 shares of the company were exchanged, compared to its average volume of 204,105. The business's fifty day moving average price is $73.14 and its 200 day moving average price is $69.36. The stock has a market capitalization of $1.47 billion, a P/E ratio of -22.98 and a beta of 0.51. Rogers Corporation has a fifty-two week low of $51.43 and a fifty-two week high of $114.05.

Rogers (NYSE:ROG - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The electronics maker reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.16). The company 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. Equities research analysts forecast that Rogers Corporation will post 3.57 earnings per share for the current year.

Rogers Company 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.