GAMMA Investing LLC Boosts Stock Position in Rogers Corporation (NYSE:ROG)

GAMMA Investing LLC boosted its holdings in Rogers Corporation (NYSE:ROG - Free Report) by 23,098.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,054 shares of the electronics maker's stock after purchasing an additional 24,946 shares during the quarter. GAMMA Investing LLC owned about 0.14% of Rogers worth $1,692,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Rogers by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 2,353,358 shares of the electronics maker's stock valued at $239,125,000 after purchasing an additional 40,835 shares in the last quarter. Norges Bank purchased a new position in shares of Rogers during the fourth quarter worth approximately $113,725,000. Neuberger Berman Group LLC grew its position in shares of Rogers by 35.6% during the fourth quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker's stock worth $98,828,000 after acquiring an additional 255,423 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Rogers by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 874,139 shares of the electronics maker's stock worth $88,823,000 after acquiring an additional 50,708 shares during the last quarter. Finally, Nuance Investments LLC grew its position in shares of Rogers by 26.6% during the fourth quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker's stock worth $82,312,000 after acquiring an additional 170,145 shares during the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rogers

In other Rogers news, VP Griffin Melaney Gappert sold 756 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $62.55, for a total value of $47,287.80. Following the completion of the sale, the vice president now owns 4,484 shares of the company's stock, valued at approximately $280,474.20. This trade represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ROG. CL King began coverage on shares of Rogers in a research report on Monday, March 31st. They set a "buy" rating and a $85.00 target price on the stock. B. Riley raised their target price on shares of Rogers from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th.

Rogers Stock Up 0.7%

Shares of NYSE ROG traded up $0.45 during mid-day trading on Wednesday, hitting $68.16. 190,583 shares of the company were exchanged, compared to its average volume of 177,563. The stock has a 50 day simple moving average of $63.94 and a 200-day simple moving average of $80.00. Rogers Corporation has a 1-year low of $51.43 and a 1-year high of $134.07. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 74.90 and a beta of 0.45.

Rogers (NYSE:ROG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The electronics maker reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Rogers had a return on equity of 3.52% and a net margin of 2.09%. The firm had revenue of $190.50 million during the quarter, compared to the consensus estimate of $187.50 million. Analysts anticipate that Rogers Corporation will post 3.57 earnings per share for the current fiscal 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.