Wolverine Asset Management LLC Has $49.54 Million Stake in RBC Bearings Incorporated (NYSE:RBCP)

Wolverine Asset Management LLC reduced its stake in shares of RBC Bearings Incorporated (NYSE:RBCP) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 371,898 shares of the company’s stock after selling 658 shares during the quarter. Wolverine Asset Management LLC’s holdings in RBC Bearings were worth $49,537,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlueCrest Capital Management Ltd bought a new position in shares of RBC Bearings in the first quarter valued at approximately $455,000. Bank of Montreal Can raised its position in RBC Bearings by 1,199,900.0% in the 2nd quarter. Bank of Montreal Can now owns 36,000 shares of the company’s stock valued at $4,407,000 after purchasing an additional 35,997 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of RBC Bearings by 12.3% during the second quarter. Van ECK Associates Corp now owns 183,295 shares of the company’s stock worth $22,415,000 after purchasing an additional 20,019 shares during the last quarter. Finally, Aequim Alternative Investments LP increased its stake in shares of RBC Bearings by 24.2% in the first quarter. Aequim Alternative Investments LP now owns 385,000 shares of the company’s stock valued at $47,005,000 after buying an additional 75,000 shares in the last quarter.

RBC Bearings Stock Up 0.4 %

RBC Bearings stock opened at $123.98 on Monday. The stock has a 50-day simple moving average of $127.03 and a 200 day simple moving average of $126.01. RBC Bearings Incorporated has a 12-month low of $103.29 and a 12-month high of $136.40.

RBC Bearings Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a dividend of $1.25 per share. The ex-dividend date was Tuesday, October 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.03%.

About RBC Bearings

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.