Hillsdale Investment Management Inc. Has $1.25 Million Position in Rocky Brands, Inc. (NASDAQ:RCKY)

Hillsdale Investment Management Inc. lowered its stake in shares of Rocky Brands, Inc. (NASDAQ:RCKY) by 2.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 54,949 shares of the textile maker’s stock after selling 1,400 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Rocky Brands were worth $1,253,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in Rocky Brands by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 20,999 shares of the textile maker’s stock worth $669,000 after purchasing an additional 1,001 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Rocky Brands during the third quarter worth $224,000. FMR LLC lifted its stake in Rocky Brands by 0.3% during the third quarter. FMR LLC now owns 1,117,353 shares of the textile maker’s stock worth $35,599,000 after purchasing an additional 3,883 shares during the last quarter. State Street Corp lifted its stake in Rocky Brands by 0.4% during the third quarter. State Street Corp now owns 134,249 shares of the textile maker’s stock worth $4,277,000 after purchasing an additional 586 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Rocky Brands by 25.9% during the third quarter. Jane Street Group LLC now owns 11,631 shares of the textile maker’s stock worth $371,000 after purchasing an additional 2,392 shares during the last quarter. Institutional investors and hedge funds own 75.06% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut Rocky Brands from a “buy” rating to a “hold” rating in a research note on Saturday, February 8th.

Rocky Brands Stock Down 1.5 %

Shares of RCKY opened at $17.85 on Monday. Rocky Brands, Inc. has a 52 week low of $17.80 and a 52 week high of $40.14. The stock has a market capitalization of $133.21 million, a price-to-earnings ratio of 10.03 and a beta of 2.18. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.93 and a current ratio of 2.79. The stock has a fifty day moving average of $22.30 and a 200-day moving average of $24.38.

Rocky Brands (NASDAQ:RCKY) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.02). Rocky Brands had a net margin of 2.94% and a return on equity of 7.74%. The firm had revenue of $128.05 million during the quarter, compared to the consensus estimate of $125.44 million.

Rocky Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Monday, March 3rd. Rocky Brands’s payout ratio is 41.06%.

Rocky Brands Profile

Rocky Brands, Inc designs, manufactures, and markets footwear and apparel in the United States, Canada, and internationally. It operates through Wholesale, Retail, and Contract Manufacturing segments. The Wholesale segment offers products, which includes sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants, uniform stores, farm store chains, specialty safety stores, specialty retailers, and online retailers in retail locations through a range of distribution channels.