Marquette Asset Management Inc. Purchases Shares of 15,121 Rocky Brands Inc (RCKY)
Marquette Asset Management Inc. purchased a new position in Rocky Brands Inc (NASDAQ:RCKY) during the first quarter, Holdings Channel reports. The fund purchased 15,121 shares of the textile maker’s stock, valued at approximately $175,000.
Other institutional investors also recently bought and sold shares of the company. ICM Asset Management Inc. WA boosted its position in Rocky Brands by 68.3% in the fourth quarter. ICM Asset Management Inc. WA now owns 42,505 shares of the textile maker’s stock worth $491,000 after buying an additional 17,247 shares during the period. Numeric Investors LLC boosted its position in Rocky Brands by 10.8% in the fourth quarter. Numeric Investors LLC now owns 81,172 shares of the textile maker’s stock worth $938,000 after buying an additional 7,882 shares during the period. Renaissance Technologies LLC boosted its position in Rocky Brands by 3.6% in the fourth quarter. Renaissance Technologies LLC now owns 135,900 shares of the textile maker’s stock worth $1,570,000 after buying an additional 4,700 shares during the period. Finally, LSV Asset Management boosted its position in Rocky Brands by 6.1% in the third quarter. LSV Asset Management now owns 312,538 shares of the textile maker’s stock worth $3,303,000 after buying an additional 18,100 shares during the period. 51.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rocky Brands Inc (NASDAQ:RCKY) traded down 0.27% during midday trading on Tuesday, reaching $10.97. 3,499 shares of the company were exchanged. Rocky Brands Inc has a 52-week low of $9.95 and a 52-week high of $13.69. The company’s market capitalization is $81.56 million. The firm’s 50 day moving average is $10.98 and its 200-day moving average is $11.14.
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A number of equities analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Rocky Brands from a “buy” rating to a “strong sell” rating in a research note on Thursday, February 23rd. B. Riley reaffirmed a “neutral” rating and set a $12.00 price target on shares of Rocky Brands in a research note on Monday, February 20th.
Rocky Brands Company Profile
Rocky Brands, Inc is a designer, manufacturer and marketer of footwear and apparel marketed under a portfolio of brand names, including Rocky, Georgia Boot, Durango, Lehigh, Creative Recreation and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military.
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