Wrapmanager Inc. Sells 715 Shares of Rogers Co. (NYSE:ROG)

Wrapmanager Inc. reduced its stake in shares of Rogers Co. (NYSE:ROG) by 26.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Asset Dedication LLC bought a new stake in shares of Rogers in the second quarter valued at $25,000. Bessemer Group Inc. boosted its holdings in Rogers by 2,926.3% in the 1st quarter. Bessemer Group Inc. now owns 575 shares of the electronics maker’s stock worth $68,000 after buying an additional 556 shares during the period. KBC Group NV grew its stake in Rogers by 54.5% in the 3rd quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock valued at $76,000 after buying an additional 236 shares in the last quarter. Covestor Ltd grew its position in shares of Rogers by 629.5% in the first quarter. Covestor Ltd now owns 766 shares of the electronics maker’s stock valued at $91,000 after purchasing an additional 661 shares in the last quarter. Finally, Quest Partners LLC raised its stake in shares of Rogers by 39,200.0% during the 2nd quarter. Quest Partners LLC now owns 786 shares of the electronics maker’s stock valued at $95,000 after purchasing an additional 784 shares during the period. 96.02% of the stock is owned by institutional investors.

Rogers Stock Down 2.5 %

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 company has a market cap of $1.88 billion, a P/E ratio of 37.69 and a beta of 0.51. The business has a 50-day simple moving average of $104.44 and a two-hundred day simple moving average of $111.95.

Rogers (NYSE:ROG) last released its quarterly earnings results on Thursday, October 24th. The electronics maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.13. Rogers had a net margin of 5.91% and a return on equity of 4.19%. The firm had revenue of $210.30 million during the quarter, compared to analyst estimates of $220.20 million. During the same period in the previous year, the business earned $1.24 EPS. Equities research analysts anticipate that Rogers Co. will post 2.71 EPS for the current year.

Insider Buying and Selling at Rogers

In related news, SVP Michael Reed Webb sold 416 shares of the company’s 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 transaction, the senior vice president now directly owns 4,400 shares in the company, valued at approximately $478,808. The trade was a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.27% of the company’s stock.

About Rogers

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.