Wrapmanager Inc. Has $228,000 Holdings in Rogers Co. (NYSE:ROG)

Wrapmanager Inc. lessened its stake in shares of Rogers Co. (NYSE:ROG) by 26.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,017 shares of the electronics maker’s stock after selling 715 shares during the period. Wrapmanager Inc.’s holdings in Rogers were worth $228,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC boosted its holdings in shares of Rogers by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 3,480 shares of the electronics maker’s stock valued at $413,000 after purchasing an additional 241 shares in the last quarter. Vanguard Group Inc. increased its position in Rogers by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 2,261,077 shares of the electronics maker’s stock worth $268,367,000 after purchasing an additional 61,598 shares in the last quarter. Edgestream Partners L.P. lifted its stake in Rogers by 433.8% in the 1st quarter. Edgestream Partners L.P. now owns 11,956 shares of the electronics maker’s stock valued at $1,419,000 after purchasing an additional 9,716 shares during the last quarter. Covestor Ltd grew its position in Rogers by 629.5% during the 1st quarter. Covestor Ltd now owns 766 shares of the electronics maker’s stock worth $91,000 after acquiring an additional 661 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new position in Rogers in the 1st quarter worth about $323,000. 96.02% of the stock is owned by institutional investors.

Rogers Stock Performance

Shares of NYSE:ROG opened at $101.00 on Wednesday. Rogers Co. has a 52 week low of $96.10 and a 52 week high of $138.85. The firm has a market cap of $1.88 billion, a PE ratio of 37.69 and a beta of 0.51. The firm’s fifty day moving average is $104.44 and its 200-day moving average is $111.95.

Rogers (NYSE:ROG) last issued its quarterly earnings results on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.13. Rogers had a return on equity of 4.19% and a net margin of 5.91%. The firm had revenue of $210.30 million during the quarter, compared to the consensus estimate of $220.20 million. During the same period last year, the business posted $1.24 EPS. Sell-side analysts forecast that Rogers Co. will post 2.71 EPS for the current year.

Insider Transactions at Rogers

In related news, SVP Michael Reed Webb sold 416 shares of Rogers 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 completion of the sale, the senior vice president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.27% of the company’s stock.

Rogers Company Profile

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.