WealthBridge Capital Management LLC Has $247,000 Position in Rocky Brands, Inc. (NASDAQ:RCKY)

WealthBridge Capital Management LLC reduced its holdings in Rocky Brands, Inc. (NASDAQ:RCKY) by 15.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,851 shares of the textile maker’s stock after selling 2,050 shares during the period. WealthBridge Capital Management LLC owned 0.15% of Rocky Brands worth $247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC increased its stake in Rocky Brands by 0.3% in the 3rd quarter. FMR LLC now owns 1,117,353 shares of the textile maker’s stock valued at $35,599,000 after buying an additional 3,883 shares during the last quarter. Geode Capital Management LLC increased its stake in Rocky Brands by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 168,315 shares of the textile maker’s stock valued at $5,364,000 after buying an additional 7,353 shares during the last quarter. State Street Corp increased its stake in Rocky Brands by 0.4% in the 3rd quarter. State Street Corp now owns 134,249 shares of the textile maker’s stock valued at $4,277,000 after buying an additional 586 shares during the last quarter. Empowered Funds LLC increased its stake in Rocky Brands by 4.8% in the 4th quarter. Empowered Funds LLC now owns 32,467 shares of the textile maker’s stock valued at $740,000 after buying an additional 1,473 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Rocky Brands by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 20,999 shares of the textile maker’s stock valued at $669,000 after buying an additional 1,001 shares during the last quarter. 75.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on RCKY shares. StockNews.com lowered shares of Rocky Brands from a “buy” rating to a “hold” rating in a research note on Saturday, February 8th. Robert W. Baird decreased their price objective on shares of Rocky Brands from $32.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st.

Rocky Brands Stock Performance

Shares of RCKY opened at $23.61 on Thursday. The firm has a 50-day moving average of $23.66 and a 200-day moving average of $25.91. Rocky Brands, Inc. has a one year low of $19.65 and a one year high of $40.14. The company has a market cap of $175.89 million, a PE ratio of 13.26 and a beta of 2.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.79 and a quick ratio of 0.93.

Rocky Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Monday, March 3rd. Rocky Brands’s dividend payout ratio (DPR) is presently 34.83%.

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.