Linden Thomas Advisory Services LLC Increases Position in Rogers Co. (NYSE:ROG)

Linden Thomas Advisory Services LLC boosted its position in Rogers Co. (NYSE:ROG) by 16.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,786 shares of the electronics maker’s stock after purchasing an additional 834 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Rogers were worth $588,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of ROG. Envestnet Asset Management Inc. lifted its stake in Rogers by 7.7% in the second quarter. Envestnet Asset Management Inc. now owns 19,595 shares of the electronics maker’s stock valued at $2,363,000 after purchasing an additional 1,402 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in Rogers in the second quarter valued at approximately $317,000. Hsbc Holdings PLC lifted its stake in Rogers by 15.3% in the second quarter. Hsbc Holdings PLC now owns 2,797 shares of the electronics maker’s stock valued at $339,000 after purchasing an additional 371 shares during the last quarter. Sei Investments Co. lifted its stake in Rogers by 10.0% in the second quarter. Sei Investments Co. now owns 40,358 shares of the electronics maker’s stock valued at $4,867,000 after purchasing an additional 3,667 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Rogers in the second quarter valued at approximately $10,077,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Insiders Place Their Bets

In other Rogers news, SVP Michael Reed Webb sold 416 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $108.82, for a total transaction of $45,269.12. Following the sale, the senior vice president now owns 4,400 shares in the company, valued at $478,808. This represents a 8.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.35% of the company’s stock.

Rogers Trading Up 2.5 %

Rogers stock opened at $99.82 on Monday. Rogers Co. has a 12 month low of $93.81 and a 12 month high of $134.07. The business’s 50 day simple moving average is $101.90 and its 200 day simple moving average is $106.08. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 37.25 and a beta of 0.53.

Rogers (NYSE:ROG) last posted its earnings results on Thursday, October 24th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.13. The firm had revenue of $210.30 million for the quarter, compared to the consensus estimate of $220.20 million. Rogers had a return on equity of 4.19% and a net margin of 5.91%. During the same quarter in the prior year, the business posted $1.24 earnings per share. As a group, equities research analysts forecast that Rogers Co. will post 2.71 earnings per share for the current fiscal year.

Rogers Company Profile

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.