Wolverine Asset Management LLC Reduces Holdings in Rogers Co. (NYSE:ROG)

Wolverine Asset Management LLC trimmed its holdings in shares of Rogers Co. (NYSE:ROG) by 54.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the electronics maker’s stock after selling 6,000 shares during the quarter. Wolverine Asset Management LLC’s holdings in Rogers were worth $660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ROG. Schroder Investment Management Group bought a new stake in shares of Rogers during the third quarter worth $19,085,000. Victory Capital Management Inc. lifted its position in shares of Rogers by 9.4% during the third quarter. Victory Capital Management Inc. now owns 676,480 shares of the electronics maker’s stock worth $88,937,000 after purchasing an additional 58,294 shares during the last quarter. Panagora Asset Management Inc. lifted its position in shares of Rogers by 137.5% during the third quarter. Panagora Asset Management Inc. now owns 84,016 shares of the electronics maker’s stock worth $11,046,000 after purchasing an additional 48,635 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in shares of Rogers by 45.0% during the fourth quarter. Pinnacle Associates Ltd. now owns 120,734 shares of the electronics maker’s stock worth $15,945,000 after purchasing an additional 37,456 shares during the last quarter. Finally, Walleye Capital LLC lifted its position in shares of Rogers by 2,125.9% during the third quarter. Walleye Capital LLC now owns 31,986 shares of the electronics maker’s stock worth $4,205,000 after purchasing an additional 30,549 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

Rogers Stock Up 10.4 %

NYSE:ROG opened at $120.90 on Friday. Rogers Co. has a twelve month low of $105.48 and a twelve month high of $173.16. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 33.21 and a beta of 0.69. The stock has a fifty day simple moving average of $114.41 and a 200-day simple moving average of $121.16. The company has a current ratio of 4.53, a quick ratio of 3.21 and a debt-to-equity ratio of 0.02.

Rogers (NYSE:ROG) last released its quarterly earnings data on Wednesday, February 21st. The electronics maker reported $0.60 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.40). The firm had revenue of $204.60 million during the quarter, compared to the consensus estimate of $220.00 million. Rogers had a net margin of 7.73% and a return on equity of 5.34%. Analysts anticipate that Rogers Co. will post 2.93 EPS for the current year.

About Rogers

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.