Rogers Co. (NYSE:ROG) Short Interest Update

Rogers Co. (NYSE:ROG) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 514,400 shares, a drop of 18.3% from the December 31st total of 629,600 shares. Based on an average daily volume of 128,800 shares, the days-to-cover ratio is presently 4.0 days. Currently, 2.8% of the shares of the stock are sold short.

Insider Buying and Selling

In other Rogers news, SVP Michael Reed Webb sold 416 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $108.82, for a total value of $45,269.12. Following the sale, the senior vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $478,808. This trade represents a 8.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.35% of the stock is currently owned by company insiders.

Institutional Trading of Rogers

A number of hedge funds have recently added to or reduced their stakes in the business. Diversified Trust Co lifted its stake in shares of Rogers by 5.9% in the 3rd quarter. Diversified Trust Co now owns 2,842 shares of the electronics maker’s stock valued at $321,000 after purchasing an additional 158 shares in the last quarter. Redwood Investment Management LLC lifted its stake in shares of Rogers by 4.9% in the 3rd quarter. Redwood Investment Management LLC now owns 4,618 shares of the electronics maker’s stock valued at $509,000 after purchasing an additional 216 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of Rogers by 5.7% in the 4th quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker’s stock valued at $440,000 after purchasing an additional 232 shares in the last quarter. KBC Group NV lifted its stake in shares of Rogers by 54.5% in the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock valued at $76,000 after purchasing an additional 236 shares in the last quarter. Finally, Procyon Advisors LLC lifted its stake in shares of Rogers by 11.9% in the 4th quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock valued at $316,000 after purchasing an additional 331 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

Rogers Price Performance

NYSE:ROG traded down $0.84 during mid-day trading on Friday, reaching $93.05. The company’s stock had a trading volume of 238,419 shares, compared to its average volume of 93,190. The company’s fifty day simple moving average is $101.03 and its two-hundred day simple moving average is $105.08. Rogers has a twelve month low of $92.58 and a twelve month high of $134.07. The stock has a market cap of $1.74 billion, a P/E ratio of 34.72 and a beta of 0.53.

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.