Van ECK Associates Corp Acquires 11,778 Shares of RBC Bearings Incorporated (NYSE:RBCP)

Van ECK Associates Corp raised its holdings in RBC Bearings Incorporated (NYSE:RBCP) by 8.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 145,858 shares of the company’s stock after acquiring an additional 11,778 shares during the period. Van ECK Associates Corp’s holdings in RBC Bearings were worth $18,934,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Warberg Asset Management LLC acquired a new stake in shares of RBC Bearings during the third quarter worth $552,000. SSI Investment Management LLC bought a new position in RBC Bearings during the 3rd quarter worth about $2,685,000. Calamos Advisors LLC raised its stake 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 purchasing an additional 422 shares during the period. Finally, Wolverine Asset Management LLC lifted its holdings in shares of RBC Bearings by 6.4% in the third quarter. Wolverine Asset Management LLC now owns 393,197 shares of the company’s stock valued at $43,426,000 after purchasing an additional 23,702 shares in the last quarter.

RBC Bearings Trading Up 1.5 %

NYSE:RBCP opened at $114.00 on Thursday. The stock has a 50-day simple moving average of $119.80 and a 200 day simple moving average of $119.58. RBC Bearings Incorporated has a 52-week low of $98.75 and a 52-week high of $131.99.

RBC Bearings Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were issued a $1.25 dividend. The ex-dividend date was Thursday, March 28th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.39%.

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.