Envestnet Asset Management Inc. Sells 5,649 Shares of Rogers Co. (NYSE:ROG)

Envestnet Asset Management Inc. lessened its stake in shares of Rogers Co. (NYSE:ROGGet Rating) by 57.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 4,106 shares of the electronics maker’s stock after selling 5,649 shares during the period. Envestnet Asset Management Inc.’s holdings in Rogers were worth $1,076,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wolverine Asset Management LLC lifted its position in shares of Rogers by 11.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 19,329 shares of the electronics maker’s stock worth $5,065,000 after purchasing an additional 2,048 shares during the last quarter. Carnegie Capital Asset Management LLC acquired a new position in shares of Rogers during the 2nd quarter worth about $321,000. Xponance Inc. lifted its position in shares of Rogers by 14.3% during the 2nd quarter. Xponance Inc. now owns 1,017 shares of the electronics maker’s stock worth $267,000 after purchasing an additional 127 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Rogers by 27.5% during the 2nd quarter. Victory Capital Management Inc. now owns 6,989 shares of the electronics maker’s stock worth $1,832,000 after purchasing an additional 1,509 shares during the last quarter. Finally, Maryland State Retirement & Pension System lifted its position in shares of Rogers by 1.1% during the 2nd quarter. Maryland State Retirement & Pension System now owns 7,590 shares of the electronics maker’s stock worth $1,989,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 88.30% of the company’s stock.

Rogers Trading Up 8.3 %

Rogers stock opened at $108.21 on Thursday. The business has a 50 day moving average price of $196.54 and a two-hundred day moving average price of $239.00. The company has a quick ratio of 3.36, a current ratio of 4.62 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 28.40 and a beta of 1.22. Rogers Co. has a 12 month low of $98.45 and a 12 month high of $274.51.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Rogers from a “hold” rating to a “sell” rating in a research report on Saturday, November 19th.

Insider Buying and Selling at Rogers

In other news, Director Jeffrey J. Owens purchased 1,000 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was purchased at an average price of $100.75 per share, with a total value of $100,750.00. Following the acquisition, the director now directly owns 6,850 shares in the company, valued at approximately $690,137.50. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.90% of the company’s stock.

About Rogers

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Rogers Corporation designs, develops, manufactures, and sells 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, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure markets.

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Want to see what other hedge funds are holding ROG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rogers Co. (NYSE:ROGGet Rating).

Institutional Ownership by Quarter for Rogers (NYSE:ROG)

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