GSA Capital Partners LLP Takes Position in Rocky Brands, Inc. (NASDAQ:RCKY)

GSA Capital Partners LLP bought a new position in shares of Rocky Brands, Inc. (NASDAQ:RCKY - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 34,890 shares of the textile maker's stock, valued at approximately $606,000. GSA Capital Partners LLP owned about 0.47% of Rocky Brands as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. North Star Investment Management Corp. grew its stake in shares of Rocky Brands by 1.9% in the first quarter. North Star Investment Management Corp. now owns 218,625 shares of the textile maker's stock worth $3,798,000 after purchasing an additional 4,000 shares during the last quarter. American Century Companies Inc. lifted its holdings in Rocky Brands by 13.7% in the fourth quarter. American Century Companies Inc. now owns 213,991 shares of the textile maker's stock valued at $4,879,000 after buying an additional 25,806 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in Rocky Brands by 19.8% in the first quarter. Diamond Hill Capital Management Inc. now owns 136,554 shares of the textile maker's stock valued at $2,372,000 after buying an additional 22,596 shares during the period. Bridgeway Capital Management LLC lifted its holdings in Rocky Brands by 0.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 83,267 shares of the textile maker's stock valued at $1,898,000 after buying an additional 773 shares during the period. Finally, Northern Trust Corp lifted its holdings in Rocky Brands by 0.8% in the fourth quarter. Northern Trust Corp now owns 77,994 shares of the textile maker's stock valued at $1,778,000 after buying an additional 618 shares during the period. Institutional investors own 75.06% of the company's stock.

Rocky Brands Stock Up 4.5%

Shares of NASDAQ RCKY traded up $1.16 during trading on Tuesday, hitting $27.02. 81,989 shares of the company traded hands, compared to its average volume of 71,629. The business's fifty day moving average is $23.11 and its 200 day moving average is $20.76. Rocky Brands, Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $33.04. The firm has a market capitalization of $201.57 million, a price-to-earnings ratio of 10.90 and a beta of 2.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.85 and a current ratio of 2.64.

Rocky Brands (NASDAQ:RCKY - Get Free Report) last posted its earnings results on Tuesday, July 29th. The textile maker reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.31. Rocky Brands had a net margin of 4.03% and a return on equity of 10.49%. The company had revenue of $105.65 million for the quarter, compared to analyst estimates of $102.54 million.

Rocky Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, June 2nd. Rocky Brands's dividend payout ratio is currently 25.00%.

Analyst Ratings Changes

Several equities analysts recently issued reports on RCKY shares. Wall Street Zen lowered shares of Rocky Brands from a "buy" rating to a "hold" rating in a report on Monday, May 12th. Robert W. Baird set a $30.00 price objective on shares of Rocky Brands and gave the company a "neutral" rating in a report on Wednesday, July 30th.

Rocky Brands 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.