Allspring Global Investments Holdings LLC Cuts Stake in Rocky Brands, Inc. (NASDAQ:RCKY)

Allspring Global Investments Holdings LLC reduced its holdings in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 9.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 119,862 shares of the textile maker’s stock after selling 12,147 shares during the period. Allspring Global Investments Holdings LLC owned about 1.61% of Rocky Brands worth $3,819,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in Rocky Brands during the 1st quarter worth approximately $517,000. O Shaughnessy Asset Management LLC increased its position in shares of Rocky Brands by 39.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 23,518 shares of the textile maker’s stock valued at $638,000 after purchasing an additional 6,646 shares during the last quarter. American Century Companies Inc. increased its position 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 during the last quarter. BNP Paribas Financial Markets increased its position 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 during the last quarter. Finally, Panagora Asset Management Inc. increased its position in shares of Rocky Brands by 21.9% in the 2nd quarter. Panagora Asset Management Inc. now owns 36,371 shares of the textile maker’s stock valued at $1,344,000 after purchasing an additional 6,533 shares during the last quarter. 75.06% of the stock is owned by hedge funds and other institutional investors.

Rocky Brands Trading Up 0.8 %

Shares of NASDAQ:RCKY opened at $27.62 on Tuesday. Rocky Brands, Inc. has a 52 week low of $11.77 and a 52 week high of $40.14. The company’s 50 day moving average is $30.22 and its two-hundred day moving average is $32.35. The company has a current ratio of 2.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.64. The company has a market cap of $205.02 million, a PE ratio of 15.26 and a beta of 2.08.

Rocky Brands (NASDAQ:RCKY) last announced its quarterly earnings data on Tuesday, July 30th. The textile maker reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.07. Rocky Brands had a net margin of 3.21% and a return on equity of 8.85%. The company had revenue of $98.26 million for the quarter.

Rocky Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a dividend yield of 2.24%. The ex-dividend date was Tuesday, September 3rd. Rocky Brands’s payout ratio is 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.