RBC Bearings Incorporated (NYSE:RBCP) Position Boosted by Van ECK Associates Corp

Van ECK Associates Corp boosted its stake in shares of RBC Bearings Incorporated (NYSE:RBCP) by 8.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 145,858 shares of the company’s stock after purchasing an additional 11,778 shares during the period. Van ECK Associates Corp’s holdings in RBC Bearings were worth $18,934,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Calamos Advisors LLC grew its stake in RBC Bearings by 0.9% in the fourth quarter. Calamos Advisors LLC now owns 47,565 shares of the company’s stock valued at $6,174,000 after purchasing an additional 422 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of RBC Bearings by 6.4% in the 3rd quarter. Wolverine Asset Management LLC now owns 393,197 shares of the company’s stock valued at $43,426,000 after buying an additional 23,702 shares in the last quarter. Warberg Asset Management LLC acquired a new position in shares of RBC Bearings during the 3rd quarter worth $552,000. Finally, SSI Investment Management LLC bought a new stake in RBC Bearings in the third quarter worth $2,685,000.

RBC Bearings Stock Performance

NYSE RBCP opened at $114.00 on Thursday. The stock’s 50-day moving average is $119.80 and its two-hundred day moving average is $119.58. RBC Bearings Incorporated has a fifty-two week low of $98.75 and a fifty-two week high of $131.99.

RBC Bearings Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were issued a $1.25 dividend. The ex-dividend date was Thursday, March 28th. This represents a $5.00 annualized dividend and a yield of 4.39%.

About RBC Bearings

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.