Fig Financial Advisory Services Inc. ADV Takes $1.34 Million Position in RBC Bearings Incorporated $ROLL

Fig Financial Advisory Services Inc. ADV acquired a new stake in shares of RBC Bearings Incorporated (NASDAQ:ROLL) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 2,076 shares of the company’s stock, valued at approximately $1,337,000.

Other hedge funds also recently bought and sold shares of the company. Danske Bank A S bought a new stake in RBC Bearings during the 2nd quarter valued at $39,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of RBC Bearings in the 2nd quarter valued at $53,000. GSA Capital Partners LLP bought a new position in shares of RBC Bearings in the 2nd quarter worth $281,000. Pallas Capital Advisors LLC purchased a new stake in shares of RBC Bearings during the 2nd quarter worth $320,000. Finally, Citizens Financial Group Inc. RI bought a new stake in RBC Bearings during the second quarter valued at about $743,000.

RBC Bearings Price Performance

Shares of ROLL stock opened at $557.62 on Wednesday. The stock’s 50-day moving average is $593.60 and its 200 day moving average is $575.72. RBC Bearings Incorporated has a 1-year low of $152.90 and a 1-year high of $264.94. The company has a market cap of $16.13 billion, a P/E ratio of 270.69 and a beta of 1.34.

RBC Bearings Profile

RBC Bearings Inc is a designer and manufacturer of precision bearing products and components for demanding applications in the aerospace, defense and industrial markets. The company’s product lineup includes ball bearings, roller bearings, spherical plain bearings, rod ends, roller screws and custom-engineered solutions tailored to specific customer requirements. Its bearings are used in aircraft landing gear, engine systems, gearboxes, industrial machinery, robotics and other applications where high reliability and performance are essential.

Founded more than a century ago, RBC Bearings has grown through both internal development and strategic acquisitions, broadening its technology base and expanding its product offerings.