Aristides Capital LLC Sells 15,832 Shares of Rocky Brands, Inc. (NASDAQ:RCKY)

Aristides Capital LLC decreased its stake in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 44.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,845 shares of the textile maker’s stock after selling 15,832 shares during the period. Aristides Capital LLC owned about 0.27% of Rocky Brands worth $733,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RCKY. Empowered Funds LLC purchased a new position in Rocky Brands during the first quarter valued at $517,000. Allspring Global Investments Holdings LLC lifted its holdings in Rocky Brands by 24.0% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 132,009 shares of the textile maker’s stock valued at $4,879,000 after buying an additional 25,573 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Rocky Brands by 39.4% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 23,518 shares of the textile maker’s stock valued at $638,000 after buying an additional 6,646 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Rocky Brands by 23.0% in the 2nd quarter. American Century Companies Inc. now owns 129,234 shares of the textile maker’s stock valued at $4,776,000 after purchasing an additional 24,135 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Rocky Brands by 59.5% in the 1st quarter. BNP Paribas Financial Markets now owns 3,570 shares of the textile maker’s stock valued at $97,000 after purchasing an additional 1,332 shares in the last quarter. Institutional investors own 75.06% of the company’s stock.

Rocky Brands Stock Up 0.2 %

Shares of Rocky Brands stock opened at $31.86 on Tuesday. The company has a market cap of $236.50 million, a P/E ratio of 17.60 and a beta of 2.08. Rocky Brands, Inc. has a 52-week low of $11.77 and a 52-week high of $40.14. The company has a quick ratio of 0.85, a current ratio of 2.87 and a debt-to-equity ratio of 0.64. The firm’s 50 day moving average price is $30.94 and its 200-day moving average price is $31.95.

Rocky Brands (NASDAQ:RCKY) last posted its earnings results on Tuesday, July 30th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.07. The firm had revenue of $98.26 million during the quarter. Rocky Brands had a net margin of 3.21% and a return on equity of 8.85%.

Rocky Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.95%. The ex-dividend date was Tuesday, September 3rd. Rocky Brands’s payout ratio is currently 34.25%.

About Rocky Brands

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.