Dark Forest Capital Management LP Invests $364,000 in Rogers Co. (NYSE:ROG)

Dark Forest Capital Management LP purchased a new stake in shares of Rogers Co. (NYSE:ROG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,021 shares of the electronics maker’s stock, valued at approximately $364,000.

Other hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC acquired a new position in Rogers in the 4th quarter valued at about $470,000. US Bancorp DE lifted its holdings in Rogers by 1.3% in the fourth quarter. US Bancorp DE now owns 7,307 shares of the electronics maker’s stock valued at $965,000 after acquiring an additional 94 shares during the last quarter. ACK Asset Management LLC grew its position in Rogers by 10.9% in the fourth quarter. ACK Asset Management LLC now owns 410,200 shares of the electronics maker’s stock worth $54,175,000 after acquiring an additional 40,200 shares during the period. Capital Research Global Investors grew its position in Rogers by 2.8% in the fourth quarter. Capital Research Global Investors now owns 1,461,059 shares of the electronics maker’s stock worth $192,962,000 after acquiring an additional 39,116 shares during the period. Finally, Schroder Investment Management Group increased its stake in Rogers by 39.6% during the fourth quarter. Schroder Investment Management Group now owns 202,671 shares of the electronics maker’s stock worth $26,767,000 after acquiring an additional 57,504 shares during the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insiders Place Their Bets

In related news, VP Brian Keith Larabee sold 600 shares of the stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $123.37, for a total transaction of $74,022.00. Following the transaction, the vice president now owns 3,409 shares of the company’s stock, valued at approximately $420,568.33. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.35% of the stock is owned by insiders.

Rogers Stock Up 2.0 %

Shares of Rogers stock opened at $110.24 on Friday. The firm has a market cap of $2.06 billion, a PE ratio of 30.29 and a beta of 0.49. Rogers Co. has a 52 week low of $96.41 and a 52 week high of $138.85. The business’s fifty day simple moving average is $108.29 and its 200-day simple moving average is $114.84.

Rogers (NYSE:ROG) last posted its earnings results on Thursday, July 25th. The electronics maker reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.09. Rogers had a net margin of 6.75% and a return on equity of 4.67%. The company had revenue of $214.20 million for the quarter, compared to analysts’ expectations of $215.00 million. During the same quarter in the prior year, the company posted $1.07 earnings per share. As a group, equities analysts expect that Rogers Co. will post 3.04 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.