Penn Capital Management Company LLC Sells 25,184 Shares of Rogers Co. (NYSE:ROG)

Penn Capital Management Company LLC lessened its holdings in shares of Rogers Co. (NYSE:ROG - Free Report) by 72.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,440 shares of the electronics maker's stock after selling 25,184 shares during the period. Penn Capital Management Company LLC owned 0.05% of Rogers worth $959,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in ROG. Norges Bank acquired a new stake in Rogers during the 4th quarter worth $113,725,000. Neuberger Berman Group LLC lifted its holdings in shares of Rogers by 35.6% during the 4th quarter. Neuberger Berman Group LLC now owns 972,623 shares of the electronics maker's stock valued at $98,828,000 after purchasing an additional 255,423 shares in the last quarter. Nuance Investments LLC grew its position in shares of Rogers by 26.6% in the 4th quarter. Nuance Investments LLC now owns 810,081 shares of the electronics maker's stock valued at $82,312,000 after purchasing an additional 170,145 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of Rogers in the 3rd quarter valued at approximately $17,517,000. Finally, Cooper Creek Partners Management LLC acquired a new stake in Rogers during the 4th quarter worth approximately $8,317,000. Institutional investors own 96.02% of the company's stock.

Analyst Upgrades and Downgrades

Separately, CL King began coverage on shares of Rogers in a report on Monday, March 31st. They issued a "buy" rating and a $85.00 price target for the company.

Rogers Price Performance

ROG stock traded up $0.12 during trading hours on Monday, reaching $57.53. 273,336 shares of the stock were exchanged, compared to its average volume of 169,862. The firm's 50-day moving average is $69.25 and its 200-day moving average is $89.56. Rogers Co. has a 12 month low of $51.43 and a 12 month high of $134.07. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 40.80 and a beta of 0.51.

Rogers (NYSE:ROG - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The electronics maker reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.03. Rogers had a net margin of 3.14% and a return on equity of 3.98%. The company had revenue of $192.20 million for the quarter, compared to the consensus estimate of $191.75 million. During the same period last year, the company earned $0.60 earnings per share. As a group, equities research analysts forecast that Rogers Co. will post 3.57 earnings per share for the current year.

Rogers 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.