Weiss Asset Management LP Acquires New Holdings in Rogers Co. (NYSE:ROG)

Weiss Asset Management LP acquired a new stake in shares of Rogers Co. (NYSE:ROG) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 29,921 shares of the electronics maker’s stock, valued at approximately $3,381,000. Weiss Asset Management LP owned 0.16% of Rogers as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Asset Dedication LLC acquired a new position in Rogers during the second quarter valued at approximately $25,000. KBC Group NV boosted its holdings in shares of Rogers by 54.5% in the third quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock valued at $76,000 after buying an additional 236 shares during the period. Quest Partners LLC boosted its holdings in shares of Rogers by 39,200.0% in the second quarter. Quest Partners LLC now owns 786 shares of the electronics maker’s stock valued at $95,000 after buying an additional 784 shares during the period. Central Pacific Bank Trust Division boosted its holdings in shares of Rogers by 61.3% in the third quarter. Central Pacific Bank Trust Division now owns 1,000 shares of the electronics maker’s stock valued at $113,000 after buying an additional 380 shares during the period. Finally, Algert Global LLC acquired a new position in shares of Rogers in the second quarter valued at approximately $204,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Rogers Stock Down 0.1 %

Rogers stock opened at $104.92 on Friday. The stock has a market capitalization of $1.96 billion, a PE ratio of 39.15 and a beta of 0.52. Rogers Co. has a twelve month low of $96.10 and a twelve month high of $138.85. The company has a 50 day moving average of $104.48 and a 200-day moving average of $110.71.

Rogers (NYSE:ROG) last released its quarterly earnings results on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.13. The company had revenue of $210.30 million during the quarter, compared to analysts’ expectations of $220.20 million. Rogers had a net margin of 5.91% and a return on equity of 4.19%. During the same quarter in the prior year, the company earned $1.24 earnings per share. Equities analysts anticipate that Rogers Co. will post 2.71 EPS for the current fiscal year.

Insider Transactions at Rogers

In other news, SVP Michael Reed Webb sold 416 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $108.82, for a total value of $45,269.12. Following the sale, the senior vice president now owns 4,400 shares of the company’s stock, valued at $478,808. The trade was a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.35% of the stock is currently owned by insiders.

About Rogers

Rogers Corporation engages in the design, development, manufacture, and sale of engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, renewable energy, aerospace and defense, mass transit, industrial, connected devices, and wired infrastructure.