Seven Eight Capital LP Acquires Shares of 2,719 Rogers Co. (NYSE:ROG)

Seven Eight Capital LP acquired a new stake in Rogers Co. (NYSE:ROG) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,719 shares of the electronics maker’s stock, valued at approximately $323,000.

Several other institutional investors have also modified their holdings of the company. US Bancorp DE boosted its stake in shares of Rogers by 1.3% during the 4th quarter. US Bancorp DE now owns 7,307 shares of the electronics maker’s stock worth $965,000 after acquiring an additional 94 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of Rogers by 3.8% during the 1st quarter. Inspire Investing LLC now owns 3,360 shares of the electronics maker’s stock worth $399,000 after acquiring an additional 123 shares in the last quarter. Bridge City Capital LLC boosted its stake in shares of Rogers by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 17,271 shares of the electronics maker’s stock worth $2,050,000 after acquiring an additional 136 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Rogers by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 14,664 shares of the electronics maker’s stock worth $1,740,000 after acquiring an additional 197 shares in the last quarter. Finally, Capstone Investment Advisors LLC boosted its stake in shares of Rogers by 8.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 2,984 shares of the electronics maker’s stock worth $354,000 after acquiring an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Rogers Stock Performance

Rogers stock opened at $125.56 on Thursday. The stock has a fifty day moving average of $120.89 and a two-hundred day moving average of $117.78. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 34.49 and a beta of 0.53. Rogers Co. has a fifty-two week low of $105.48 and a fifty-two week high of $172.17.

Rogers (NYSE:ROG) last released its quarterly earnings results on Thursday, April 25th. The electronics maker reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. The company had revenue of $213.40 million during the quarter, compared to the consensus estimate of $210.00 million. Rogers had a return on equity of 5.30% and a net margin of 7.73%. On average, analysts forecast that Rogers Co. will post 3.07 EPS for the current fiscal year.

Rogers 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.