Rogers Co. (NYSE:ROG) Short Interest Update

Rogers Co. (NYSE:ROG) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 514,400 shares, a decline of 18.3% from the December 31st total of 629,600 shares. Based on an average trading volume of 128,800 shares, the short-interest ratio is currently 4.0 days. Approximately 2.8% of the company’s stock are short sold.

Rogers Trading Down 0.9 %

ROG stock traded down $0.84 during midday trading on Friday, hitting $93.05. 238,419 shares of the company’s stock were exchanged, compared to its average volume of 93,190. Rogers has a 12-month low of $92.58 and a 12-month high of $134.07. The firm has a 50 day moving average price of $101.03 and a 200-day moving average price of $105.08. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 34.72 and a beta of 0.53.

Insider Buying and Selling

In other Rogers news, SVP Michael Reed Webb sold 416 shares of Rogers stock in a transaction that occurred 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 directly owns 4,400 shares in the company, valued at $478,808. The trade was a 8.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.35% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rogers

Several hedge funds and other institutional investors have recently bought and sold shares of ROG. Envestnet Asset Management Inc. increased its holdings in Rogers by 7.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,595 shares of the electronics maker’s stock worth $2,363,000 after purchasing an additional 1,402 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Rogers by 289.3% in the 2nd quarter. Millennium Management LLC now owns 97,224 shares of the electronics maker’s stock valued at $11,726,000 after acquiring an additional 72,252 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Rogers by 9.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,064 shares of the electronics maker’s stock valued at $1,214,000 after acquiring an additional 885 shares during the last quarter. Algert Global LLC bought a new stake in shares of Rogers in the 2nd quarter valued at approximately $204,000. Finally, Creative Planning increased its holdings in shares of Rogers by 19.1% in the 2nd quarter. Creative Planning now owns 4,387 shares of the electronics maker’s stock valued at $529,000 after acquiring an additional 705 shares during the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

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.