Wolverine Asset Management LLC Trims Holdings in Rogers Co. (NYSE:ROG)

Wolverine Asset Management LLC cut its holdings in Rogers Co. (NYSE:ROG) by 54.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the electronics maker’s stock after selling 6,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in Rogers were worth $660,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. B. Riley Wealth Advisors Inc. grew its position in shares of Rogers by 8.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,626 shares of the electronics maker’s stock worth $214,000 after buying an additional 132 shares during the period. Diversified Trust Co grew its position in shares of Rogers by 7.7% in the 4th quarter. Diversified Trust Co now owns 2,431 shares of the electronics maker’s stock worth $321,000 after buying an additional 174 shares during the period. BKM Wealth Management LLC purchased a new stake in shares of Rogers in the 4th quarter worth about $30,000. New York State Teachers Retirement System grew its position in shares of Rogers by 0.9% in the 4th quarter. New York State Teachers Retirement System now owns 26,231 shares of the electronics maker’s stock worth $3,464,000 after buying an additional 245 shares during the period. Finally, Swiss National Bank grew its position in Rogers by 0.9% during the 3rd quarter. Swiss National Bank now owns 34,800 shares of the electronics maker’s stock valued at $4,575,000 after purchasing an additional 300 shares during the last quarter. 96.02% of the stock is owned by hedge funds and other institutional investors.

Rogers Stock Performance

Shares of ROG stock opened at $120.90 on Friday. Rogers Co. has a one year low of $105.48 and a one year high of $173.16. The company’s 50-day moving average is $114.41 and its 200 day moving average is $121.16. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of 33.21 and a beta of 0.69. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.21 and a current ratio of 4.53.

Rogers (NYSE:ROG) last announced its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $0.60 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.40). Rogers had a net margin of 7.73% and a return on equity of 5.34%. The firm had revenue of $204.60 million for the quarter, compared to analysts’ expectations of $220.00 million. Sell-side analysts expect that Rogers Co. will post 2.93 EPS for the current fiscal year.

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.