Dimensional Fund Advisors LP continued to hold its position in Rocky Brands, Inc. (NASDAQ:RCKY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 638,933 shares of the textile maker’s stock at the end of the first quarter. Dimensional Fund Advisors LP owned about 8.59% of Rocky Brands worth $7,380,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC boosted its position in Rocky Brands by 14.4% in the first quarter. Wedge Capital Management L L P NC now owns 18,325 shares of the textile maker’s stock valued at $212,000 after buying an additional 2,300 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Rocky Brands by 0.8% in the first quarter. Wells Fargo & Company MN now owns 355,164 shares of the textile maker’s stock worth $4,102,000 after buying an additional 2,991 shares during the period. North Star Investment Management Corp. boosted its position in shares of Rocky Brands by 2.5% in the first quarter. North Star Investment Management Corp. now owns 311,524 shares of the textile maker’s stock worth $3,598,000 after buying an additional 7,500 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in shares of 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 worth $2,028,000 after buying an additional 18,706 shares during the period. Finally, Algert Global LLC boosted its position in shares of Rocky Brands by 136.0% in the first quarter. Algert Global LLC now owns 59,990 shares of the textile maker’s stock worth $693,000 after buying an additional 34,567 shares during the period. 53.46% of the stock is owned by hedge funds and other institutional investors.

Rocky Brands, Inc. (NASDAQ:RCKY) traded down 0.5727% during midday trading on Thursday, reaching $13.7501. 7,899 shares of the company traded hands. The stock has a market capitalization of $102.38 million, a price-to-earnings ratio of 37.0623 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 firm has a 50 day moving average of $13.41 and a 200-day moving average of $12.76.

Rocky Brands (NASDAQ:RCKY) last announced its earnings results on Tuesday, July 25th. The textile maker reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.18. The company had revenue of $58.46 million during the quarter, compared to analysts’ expectations of $61.70 million. Rocky Brands had a net margin of 1.06% and a return on equity of 4.02%. Analysts forecast that Rocky Brands, Inc. will post $0.90 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Tuesday, August 29th will be given a $0.11 dividend. The ex-dividend date is Friday, August 25th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.18%. Rocky Brands’s payout ratio is presently 118.92%.

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A number of research analysts have recently weighed in on RCKY shares. Zacks Investment Research cut shares of Rocky Brands from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 22nd. TheStreet upgraded shares of Rocky Brands from a “c” rating to a “b-” rating in a research report on Tuesday, July 25th. Finally, ValuEngine upgraded shares of Rocky Brands from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd.

About Rocky Brands

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

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