Insider Selling: Rocky Brands Inc (RCKY) Director Sells $85,500.00 in Stock

Share on StockTwits

Rocky Brands Inc (NASDAQ:RCKY) Director James L. Stewart sold 3,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $28.50, for a total value of $85,500.00. Following the completion of the transaction, the director now owns 13,421 shares in the company, valued at approximately $382,498.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ RCKY traded down $0.06 during mid-day trading on Friday, reaching $28.03. The company had a trading volume of 18,827 shares, compared to its average volume of 32,938. Rocky Brands Inc has a one year low of $19.80 and a one year high of $33.45. The stock has a market capitalization of $208.46 million, a P/E ratio of 14.91 and a beta of 0.38.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, February 28th. Rocky Brands’s payout ratio is 25.53%.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Rocky Brands by 2.4% during the fourth quarter. BlackRock Inc. now owns 684,537 shares of the textile maker’s stock valued at $17,799,000 after purchasing an additional 16,067 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Rocky Brands by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 626,747 shares of the textile maker’s stock worth $17,737,000 after acquiring an additional 6,541 shares during the period. Vanguard Group Inc. lifted its stake in shares of Rocky Brands by 2.5% in the third quarter. Vanguard Group Inc. now owns 326,219 shares of the textile maker’s stock worth $9,232,000 after acquiring an additional 8,007 shares during the period. Vanguard Group Inc lifted its stake in Rocky Brands by 2.5% in the third quarter. Vanguard Group Inc now owns 326,219 shares of the textile maker’s stock valued at $9,232,000 after buying an additional 8,007 shares during the period. Finally, LSV Asset Management lifted its stake in Rocky Brands by 4.5% in the fourth quarter. LSV Asset Management now owns 214,032 shares of the textile maker’s stock valued at $5,564,000 after buying an additional 9,132 shares during the period. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on RCKY shares. Zacks Investment Research cut Rocky Brands from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. ValuEngine cut Rocky Brands from a “buy” rating to a “hold” rating in a research report on Monday, February 4th.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Rocky Brands Inc (RCKY) Director Sells $85,500.00 in Stock” was reported by Fairfield Current and is the property of of Fairfield Current. If you are accessing this article on another publication, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.fairfieldcurrent.com/news/2019/03/15/insider-selling-rocky-brands-inc-rcky-director-sells-85500-00-in-stock.html.

About Rocky Brands

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel under the Rocky, Georgia Boot, Durango, Lehigh, and Michelin brand names in the United States, Canada, and internationally. The company operates through three segments: Wholesale, Retail, and Military. The Wholesale segment offers products in approximately 10,000 retail locations through a range of distribution channels comprising sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, and specialty and online retailers.

Read More: How Does the Quiet Period Work?

Insider Buying and Selling by Quarter for Rocky Brands (NASDAQ:RCKY)

Receive News & Ratings for Rocky Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocky Brands and related companies with MarketBeat.com's FREE daily email newsletter.