Aristides Capital LLC Decreases Holdings in Rocky Brands, Inc. (NASDAQ:RCKY)

Aristides Capital LLC reduced its stake in Rocky Brands, Inc. (NASDAQ:RCKY - Free Report) by 44.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,845 shares of the textile maker's stock after selling 15,832 shares during the period. Aristides Capital LLC owned 0.27% of Rocky Brands worth $733,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its position in 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 buying an additional 1,332 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Rocky Brands by 29.5% during the second quarter. Victory Capital Management Inc. now owns 2,710 shares of the textile maker's stock valued at $100,000 after acquiring an additional 618 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Rocky Brands during the second quarter worth approximately $149,000. Yarger Wealth Strategies LLC bought a new position in shares of Rocky Brands in the 1st quarter worth $245,000. Finally, Ritholtz Wealth Management acquired a new stake in Rocky Brands in the 2nd quarter valued at $486,000. Institutional investors and hedge funds own 75.06% of the company's stock.

Rocky Brands Stock Down 2.6 %

RCKY traded down $0.84 during trading on Tuesday, hitting $31.02. 53,277 shares of the company's stock were exchanged, compared to its average volume of 40,525. Rocky Brands, Inc. has a fifty-two week low of $11.77 and a fifty-two week high of $40.14. The stock has a market cap of $230.26 million, a P/E ratio of 17.14 and a beta of 2.08. The business's 50 day moving average is $30.83 and its two-hundred day moving average is $31.99. 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 released its quarterly earnings results on Tuesday, July 30th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.07. The business had revenue of $98.26 million during the quarter. Rocky Brands had a return on equity of 8.85% and a net margin of 3.21%.

Rocky Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Tuesday, September 3rd. 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.