Rocky Brands, Inc. Plans Quarterly Dividend of $0.17 (NASDAQ:RCKY)

Rocky Brands, Inc. (NASDAQ:RCKY) announced a quarterly dividend on Monday, August 17th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.17 per share by the textile maker on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, September 1st.

Rocky Brands has increased its dividend payment by an average of 0.0%annually over the last three years. Rocky Brands has a dividend payout ratio of 25.2% meaning its dividend is sufficiently covered by earnings.

Rocky Brands Trading Down 1.8%

NASDAQ RCKY opened at $46.68 on Tuesday. The stock has a 50-day simple moving average of $42.81 and a 200 day simple moving average of $39.98. The company has a market capitalization of $349.63 million, a PE ratio of 12.22 and a beta of 2.35. The company has a current ratio of 2.97, a quick ratio of 1.12 and a debt-to-equity ratio of 0.43. Rocky Brands has a 12 month low of $25.76 and a 12 month high of $53.01.

Rocky Brands (NASDAQ:RCKY) last released its earnings results on Tuesday, July 28th. The textile maker reported $1.90 earnings per share for the quarter, beating the consensus estimate of $0.35 by $1.55. Rocky Brands had a return on equity of 12.28% and a net margin of 5.72%.The firm had revenue of $118.37 million for the quarter, compared to analyst estimates of $110.08 million.

Insiders Place Their Bets

In related news, Director G Courtney Haning sold 3,000 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $49.06, for a total transaction of $147,180.00. Following the completion of the sale, the director directly owned 19,750 shares of the company’s stock, valued at approximately $968,935. This represents a 13.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Curtis A. Loveland sold 3,483 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $50.54, for a total transaction of $176,030.82. Following the sale, the insider owned 92,610 shares in the company, valued at $4,680,509.40. This trade represents a 3.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 15,483 shares of company stock worth $763,214. Company insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RCKY. Legal & General Group Plc bought a new stake in shares of Rocky Brands during the second quarter worth $29,000. State of Alaska Department of Revenue bought a new stake in Rocky Brands in the 4th quarter valued at $35,000. BNP Paribas Financial Markets increased its holdings in Rocky Brands by 391.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,645 shares of the textile maker’s stock worth $109,000 after purchasing an additional 2,903 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Rocky Brands in the 1st quarter valued at about $149,000. Finally, Deutsche Bank AG raised its stake in shares of Rocky Brands by 10.0% in the 4th quarter. Deutsche Bank AG now owns 5,113 shares of the textile maker’s stock valued at $150,000 after purchasing an additional 464 shares during the period. Institutional investors and hedge funds own 75.06% of the company’s stock.

About Rocky Brands

Rocky Brands, Inc is a designer, manufacturer and marketer of premium footwear, apparel and accessories for a diverse range of end-users. The company serves outdoor enthusiasts, hardworking professionals and military personnel under a family of brands that includes Rocky, Georgia Boot, Durango and Xtratuf. Products span hunting and hiking boots, work and safety footwear, western and lifestyle boots, as well as performance socks and outerwear.

Rocky Brands operates multiple production and distribution facilities in North America, with its corporate headquarters located in Nelsonville, Ohio.