GSA Capital Partners LLP Takes $633,000 Position in Rogers Co. (NYSE:ROG)

GSA Capital Partners LLP acquired a new stake in shares of Rogers Co. (NYSE:ROG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,752 shares of the electronics maker’s stock, valued at approximately $633,000.

Several other large investors also recently made changes to their positions in the stock. Rothschild Asset Management Inc. purchased a new position in Rogers in the 3rd quarter worth approximately $22,261,000. Cortina Asset Management LLC purchased a new position in Rogers in the 3rd quarter worth approximately $20,348,000. Conestoga Capital Advisors LLC lifted its holdings in Rogers by 41.2% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 451,983 shares of the electronics maker’s stock worth $60,240,000 after purchasing an additional 131,853 shares in the last quarter. Walthausen & Co. LLC lifted its holdings in Rogers by 103.1% in the 2nd quarter. Walthausen & Co. LLC now owns 176,942 shares of the electronics maker’s stock worth $19,219,000 after purchasing an additional 89,838 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Rogers by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,636,085 shares of the electronics maker’s stock worth $177,712,000 after purchasing an additional 82,322 shares in the last quarter. Institutional investors own 93.28% of the company’s stock.

A number of research analysts recently commented on ROG shares. B. Riley boosted their price target on Rogers from $147.00 to $180.00 and gave the stock a “buy” rating in a report on Sunday, November 5th. Needham & Company LLC boosted their price target on Rogers to $180.00 and gave the stock a “positive” rating in a report on Tuesday, December 19th. Zacks Investment Research cut Rogers from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. Finally, ValuEngine cut Rogers from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $164.00.

In other news, SVP Jeffrey M. Grudzien sold 1,888 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $158.27, for a total transaction of $298,813.76. Following the sale, the senior vice president now directly owns 24,192 shares of the company’s stock, valued at approximately $3,828,867.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Shares of Rogers Co. (NYSE ROG) opened at $171.61 on Tuesday. The stock has a market capitalization of $3,130.00, a P/E ratio of 37.15 and a beta of 1.17. Rogers Co. has a twelve month low of $77.72 and a twelve month high of $184.00. The company has a current ratio of 3.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.18.

Rogers (NYSE:ROG) last issued its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.15. The business had revenue of $206.80 million for the quarter, compared to analysts’ expectations of $198.16 million. Rogers had a return on equity of 14.22% and a net margin of 10.88%. The company’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. equities research analysts predict that Rogers Co. will post 5.85 earnings per share for the current fiscal year.

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Rogers Company Profile

Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.

Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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