Amalgamated Bank Has $570,000 Position in Rogers Co. (NYSE:ROG)

Amalgamated Bank reduced its stake in shares of Rogers Co. (NYSE:ROG) by 2.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,042 shares of the electronics maker’s stock after selling 113 shares during the quarter. Amalgamated Bank’s holdings in Rogers were worth $570,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in Rogers by 1.2% during the second quarter. Nisa Investment Advisors LLC now owns 7,865 shares of the electronics maker’s stock valued at $949,000 after acquiring an additional 94 shares in the last quarter. Arizona State Retirement System raised its position in Rogers by 2.1% during the second quarter. Arizona State Retirement System now owns 4,700 shares of the electronics maker’s stock valued at $567,000 after acquiring an additional 95 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Rogers by 1.2% during the second quarter. Louisiana State Employees Retirement System now owns 8,400 shares of the electronics maker’s stock valued at $1,013,000 after acquiring an additional 100 shares in the last quarter. Wrapmanager Inc. raised its position in Rogers by 5.6% during the second quarter. Wrapmanager Inc. now owns 2,732 shares of the electronics maker’s stock valued at $330,000 after acquiring an additional 145 shares in the last quarter. Finally, Diversified Trust Co raised its position in Rogers by 5.9% during the third quarter. Diversified Trust Co now owns 2,842 shares of the electronics maker’s stock valued at $321,000 after acquiring an additional 158 shares in the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Michael Reed Webb sold 416 shares of Rogers stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $108.82, for a total value of $45,269.12. Following the transaction, the senior vice president now owns 4,400 shares of the company’s stock, valued at $478,808. This trade represents a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.35% of the company’s stock.

Rogers Stock Performance

Shares of ROG opened at $103.64 on Friday. The firm has a market cap of $1.93 billion, a PE ratio of 38.67 and a beta of 0.51. The firm’s 50 day moving average price is $104.27 and its 200 day moving average price is $112.23. Rogers Co. has a twelve month low of $96.10 and a twelve month high of $138.85.

Rogers (NYSE:ROG) last issued its quarterly earnings data on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.13. Rogers had a net margin of 5.91% and a return on equity of 4.19%. The firm had revenue of $210.30 million for the quarter, compared to analyst estimates of $220.20 million. During the same quarter last year, the firm earned $1.24 earnings per share. On average, sell-side analysts anticipate that Rogers Co. will post 2.71 earnings per share for the current fiscal 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.