Rogers (NYSE:ROG) Shares Down 6% – Here’s What Happened

Rogers Co. (NYSE:ROG)’s stock price was down 6% during trading on Monday . The stock traded as low as $87.45 and last traded at $87.50. Approximately 95,457 shares traded hands during trading, a decline of 14% from the average daily volume of 110,840 shares. The stock had previously closed at $93.05.

Rogers Stock Up 1.4 %

The company has a 50-day moving average of $100.14 and a 200 day moving average of $104.27. The stock has a market capitalization of $1.69 billion, a PE ratio of 33.78 and a beta of 0.51.

Insider Activity at Rogers

In other Rogers news, SVP Michael Reed Webb sold 416 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $108.82, for a total value of $45,269.12. Following the transaction, the senior vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $478,808. The trade was a 8.64 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.27% of the company’s stock.

Institutional Trading of Rogers

Hedge funds have recently added to or reduced their stakes in the business. Diversified Trust Co boosted its position in shares of Rogers by 5.9% in the third quarter. Diversified Trust Co now owns 2,842 shares of the electronics maker’s stock worth $321,000 after buying an additional 158 shares during the period. Redwood Investment Management LLC boosted its holdings in shares of Rogers by 4.9% in the 3rd quarter. Redwood Investment Management LLC now owns 4,618 shares of the electronics maker’s stock valued at $509,000 after buying an additional 216 shares during the period. Inspire Investing LLC lifted its holdings in shares of Rogers by 5.7% in the 4th quarter. Inspire Investing LLC now owns 4,327 shares of the electronics maker’s stock worth $440,000 after purchasing an additional 232 shares during the last quarter. KBC Group NV boosted its holdings in shares of Rogers by 54.5% during the third quarter. KBC Group NV now owns 669 shares of the electronics maker’s stock valued at $76,000 after acquiring an additional 236 shares during the period. Finally, Procyon Advisors LLC increased its stake in shares of Rogers by 11.9% in the fourth quarter. Procyon Advisors LLC now owns 3,108 shares of the electronics maker’s stock valued at $316,000 after purchasing an additional 331 shares during the period. 96.02% of the stock is owned by institutional investors and hedge funds.

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.