Wolverine Asset Management LLC Has $49.25 Million Position in RBC Bearings Incorporated (NYSE:RBCP)

Wolverine Asset Management LLC reduced its holdings in RBC Bearings Incorporated (NYSE:RBCP) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 379,833 shares of the company’s stock after selling 13,364 shares during the period. RBC Bearings accounts for about 0.4% of Wolverine Asset Management LLC’s portfolio, making the stock its 29th largest holding. Wolverine Asset Management LLC’s holdings in RBC Bearings were worth $49,251,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Warberg Asset Management LLC bought a new position in shares of RBC Bearings in the 3rd quarter valued at about $552,000. SSI Investment Management LLC bought a new position in shares of RBC Bearings in the 3rd quarter valued at about $2,685,000. Calamos Advisors LLC grew its position in shares of RBC Bearings by 0.9% in the 4th quarter. Calamos Advisors LLC now owns 47,565 shares of the company’s stock valued at $6,174,000 after acquiring an additional 422 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of RBC Bearings by 25.3% during the 3rd quarter. Van ECK Associates Corp now owns 134,080 shares of the company’s stock worth $14,764,000 after buying an additional 27,039 shares during the period.

RBC Bearings Stock Performance

Shares of RBCP stock traded down $0.24 during midday trading on Tuesday, hitting $111.51. 43,803 shares of the company were exchanged, compared to its average volume of 15,647. The firm’s 50 day moving average price is $121.39 and its two-hundred day moving average price is $119.67. RBC Bearings Incorporated has a 52 week low of $98.75 and a 52 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 dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 4.48%. The ex-dividend date was Thursday, March 28th.

RBC Bearings Company Profile

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.