RBC Bearings Incorporated (NYSE:RBCP) Short Interest Update

RBC Bearings Incorporated (NYSE:RBCP) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,300 shares, a drop of 38.1% from the September 15th total of 2,100 shares. Based on an average daily volume of 49,500 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Central Pacific Bank Trust Division bought a new position in shares of RBC Bearings during the first quarter valued at approximately $432,000. BlueCrest Capital Management Ltd purchased a new stake in shares of RBC Bearings in the 1st quarter worth approximately $455,000. Van ECK Associates Corp grew its stake in shares of RBC Bearings by 11.9% in the 1st quarter. Van ECK Associates Corp now owns 163,276 shares of the company’s stock worth $19,934,000 after buying an additional 17,418 shares during the last quarter. Bank of Montreal Can raised its stake in RBC Bearings by 1,199,900.0% during the second quarter. Bank of Montreal Can now owns 36,000 shares of the company’s stock valued at $4,407,000 after buying an additional 35,997 shares during the last quarter. Finally, Aequim Alternative Investments LP boosted its holdings in RBC Bearings by 24.2% in the first quarter. Aequim Alternative Investments LP now owns 385,000 shares of the company’s stock worth $47,005,000 after acquiring an additional 75,000 shares in the last quarter.

RBC Bearings Stock Performance

NYSE RBCP opened at $123.51 on Monday. The stock’s 50 day moving average is $128.41 and its 200 day moving average is $125.12. RBC Bearings has a twelve month low of $103.29 and a twelve month high of $136.40.

RBC Bearings Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date is Tuesday, October 1st.

RBC Bearings Company Profile

RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.