RBC Bearings Incorporated (NYSE:RBCP – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 500 shares, a drop of 16.7% from the June 30th total of 600 shares. Based on an average trading volume of 27,100 shares, the days-to-cover ratio is presently 0.0 days.
RBC Bearings Price Performance
Shares of NYSE:RBCP traded up $0.68 during midday trading on Tuesday, reaching $130.65. The company’s stock had a trading volume of 163 shares, compared to its average volume of 21,983. The business has a 50 day moving average price of $126.81 and a 200 day moving average price of $123.36. RBC Bearings has a 1 year low of $101.97 and a 1 year high of $136.40.
RBC Bearings Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were given a $1.25 dividend. The ex-dividend date was Monday, July 1st. This represents a $5.00 annualized dividend and a dividend yield of 3.83%.
Hedge Funds Weigh In On RBC Bearings
RBC Bearings Company Profile
RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems 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.
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