Algert Global LLC raised its stake in Rocky Brands, Inc. (NASDAQ:RCKY) by 145.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 147,133 shares of the textile maker’s stock after buying an additional 87,143 shares during the period. Algert Global LLC owned about 1.98% of Rocky Brands worth $1,979,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Marquette Asset Management Inc. increased its stake in Rocky Brands by 9.5% in the second quarter. Marquette Asset Management Inc. now owns 16,555 shares of the textile maker’s stock valued at $223,000 after buying an additional 1,434 shares in the last quarter. Acadian Asset Management LLC increased its stake in Rocky Brands by 36.9% in the second quarter. Acadian Asset Management LLC now owns 211,819 shares of the textile maker’s stock valued at $2,848,000 after buying an additional 57,118 shares in the last quarter. North Star Investment Management Corp. increased its stake in Rocky Brands by 1.6% in the second quarter. North Star Investment Management Corp. now owns 316,524 shares of the textile maker’s stock valued at $4,257,000 after buying an additional 5,000 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in Rocky Brands during the first quarter valued at approximately $122,000. Finally, Pacific Ridge Capital Partners LLC increased its stake in Rocky Brands by 11.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 175,568 shares of the textile maker’s stock valued at $2,028,000 after buying an additional 18,706 shares in the last quarter. 53.29% of the stock is owned by institutional investors.

Shares of Rocky Brands, Inc. (NASDAQ:RCKY) opened at 14.10 on Tuesday. The company has a market capitalization of $104.92 million, a P/E ratio of 38.01 and a beta of 0.56. Rocky Brands, Inc. has a 12-month low of $9.95 and a 12-month high of $15.70. The company’s 50 day moving average is $13.20 and its 200 day moving average is $12.59.

Rocky Brands (NASDAQ:RCKY) last released its earnings results on Tuesday, July 25th. The textile maker reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.18. Rocky Brands had a net margin of 1.06% and a return on equity of 4.03%. The business had revenue of $58.46 million during the quarter, compared to analysts’ expectations of $61.70 million. Analysts expect that Rocky Brands, Inc. will post $0.90 earnings per share for the current fiscal year.

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Several analysts recently issued reports on the stock. TheStreet raised shares of Rocky Brands from a “c” rating to a “b-” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of Rocky Brands from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Friday, July 28th. ValuEngine raised shares of Rocky Brands from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, B. Riley reaffirmed a “neutral” rating and set a $13.00 price objective on shares of Rocky Brands in a report on Monday, April 24th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $13.33.

In related news, Director Robert Burton Jr. Moore acquired 5,000 shares of Rocky Brands stock in a transaction on Monday, May 22nd. The stock was purchased at an average cost of $13.65 per share, with a total value of $68,250.00. Following the completion of the transaction, the director now directly owns 8,099 shares in the company, valued at approximately $110,551.35. The purchase was disclosed in a document filed with the SEC, which is available through this link. 8.50% of the stock is currently owned by company insiders.

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.

Institutional Ownership by Quarter for Rocky Brands (NASDAQ:RCKY)

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