Rocky Brands, Inc. (NASDAQ:RCKY) Position Decreased by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. cut its holdings in Rocky Brands, Inc. (NASDAQ:RCKY - Free Report) by 77.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,413 shares of the textile maker's stock after selling 71,600 shares during the period. Deprince Race & Zollo Inc. owned about 0.29% of Rocky Brands worth $791,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in shares of Rocky Brands in the first quarter valued at $517,000. Allspring Global Investments Holdings LLC boosted its position in Rocky Brands by 24.0% in 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 during the last quarter. Trexquant Investment LP purchased a new stake in Rocky Brands during the 4th quarter worth approximately $555,000. O Shaughnessy Asset Management LLC raised its holdings in Rocky Brands by 39.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 23,518 shares of the textile maker's stock valued at $638,000 after acquiring an additional 6,646 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Rocky Brands by 23.0% during the second quarter. American Century Companies Inc. now owns 129,234 shares of the textile maker's stock worth $4,776,000 after purchasing an additional 24,135 shares during the last quarter. 75.06% of the stock is owned by institutional investors and hedge funds.

Rocky Brands Stock Performance

RCKY stock traded up $0.72 during trading on Friday, hitting $31.79. 41,972 shares of the company's stock traded hands, compared to its average volume of 39,835. The stock has a market capitalization of $235.98 million, a price-to-earnings ratio of 17.17 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 stock has a fifty day moving average price of $31.08 and a two-hundred day moving average price of $31.78. The company has a quick ratio of 0.85, a current ratio of 2.87 and a debt-to-equity ratio of 0.64.

Rocky Brands (NASDAQ:RCKY - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The textile maker reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.07. Rocky Brands had a return on equity of 8.85% and a net margin of 3.21%. The business had revenue of $98.26 million for the quarter.

Rocky Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.95%. Rocky Brands's dividend payout ratio (DPR) is presently 34.25%.

Rocky Brands Company Profile

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.