Rocky Brands Inc (NASDAQ:RCKY) Director Robert Burton Jr. Moore purchased 5,000 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was purchased at an average cost of $13.65 per share, with a total value of $68,250.00. Following the purchase, the director now owns 8,099 shares in the company, valued at approximately $110,551.35. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of Rocky Brands Inc (NASDAQ:RCKY) traded up 0.73% during midday trading on Tuesday, reaching $13.80. The company’s stock had a trading volume of 31,020 shares. The company has a 50-day moving average price of $13.10 and a 200-day moving average price of $11.77. The firm’s market cap is $102.67 million. Rocky Brands Inc has a 12 month low of $9.95 and a 12 month high of $15.70.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Tuesday, May 30th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, May 25th. This represents a $0.44 dividend on an annualized basis and a yield of 3.21%. Rocky Brands’s dividend payout ratio is -2,200.00%.

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RCKY has been the subject of a number of recent analyst reports. B. Riley cut Rocky Brands from a “buy” rating to a “neutral” rating and set a $12.00 target price for the company. in a research report on Thursday, February 2nd. Zacks Investment Research cut Rocky Brands from a “buy” rating to a “strong sell” rating in a research report on Thursday, February 23rd.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Securities LLC bought a new position in Rocky Brands during the first quarter worth $122,000. Morgan Stanley increased its position in Rocky Brands by 15.0% in the first quarter. Morgan Stanley now owns 52,447 shares of the textile maker’s stock worth $606,000 after buying an additional 6,852 shares in the last quarter. Vanguard Group Inc. increased its position in Rocky Brands by 1.1% in the first quarter. Vanguard Group Inc. now owns 297,809 shares of the textile maker’s stock worth $3,440,000 after buying an additional 3,352 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in Rocky Brands by 11.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 175,568 shares of the textile maker’s stock worth $2,028,000 after buying an additional 18,706 shares in the last quarter. Finally, Algert Global LLC increased its position in Rocky Brands by 136.0% in the first quarter. Algert Global LLC now owns 59,990 shares of the textile maker’s stock worth $693,000 after buying an additional 34,567 shares in the last quarter. Hedge funds and other institutional investors own 51.81% of the company’s stock.

Rocky Brands Company Profile

Rocky Brands, Inc is a designer, manufacturer and marketer of footwear and apparel marketed under a portfolio of brand names, including Rocky, Georgia Boot, Durango, Lehigh, Creative Recreation and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military.

12 Month Chart for NASDAQ:RCKY

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