Versant Capital Management Inc Grows Stock Holdings in Rogers Co. (NYSE:ROG)

Versant Capital Management Inc raised its stake in Rogers Co. (NYSE:ROG) by 272.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160 shares of the electronics maker’s stock after buying an additional 117 shares during the period. Versant Capital Management Inc’s holdings in Rogers were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC boosted its position in Rogers by 115.8% in the 1st quarter. Belpointe Asset Management LLC now owns 164 shares of the electronics maker’s stock valued at $27,000 after buying an additional 88 shares during the period. Signaturefd LLC boosted its position in Rogers by 1,028.6% in the 1st quarter. Signaturefd LLC now owns 237 shares of the electronics maker’s stock valued at $39,000 after buying an additional 216 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Rogers in the 1st quarter valued at about $41,000. Harvest Fund Management Co. Ltd purchased a new stake in Rogers in the 1st quarter valued at about $93,000. Finally, Tower Research Capital LLC TRC boosted its position in Rogers by 443.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 581 shares of the electronics maker’s stock valued at $95,000 after buying an additional 474 shares during the period. 88.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Rogers in a report on Thursday, August 17th. They issued a “hold” rating for the company.

Insider Buying and Selling

In related news, VP Brian Keith Larabee sold 300 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $138.47, for a total transaction of $41,541.00. Following the completion of the transaction, the vice president now owns 2,888 shares in the company, valued at approximately $399,901.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, VP Brian Keith Larabee sold 300 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $138.47, for a total transaction of $41,541.00. Following the completion of the transaction, the vice president now owns 2,888 shares in the company, valued at approximately $399,901.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anne K. Roby acquired 315 shares of Rogers stock in a transaction that occurred on Wednesday, August 9th. The shares were purchased at an average price of $148.06 per share, with a total value of $46,638.90. Following the purchase, the director now owns 615 shares in the company, valued at $91,056.90. The disclosure for this purchase can be found here. 1.35% of the stock is currently owned by company insiders.

Rogers Trading Up 1.5 %

NYSE:ROG opened at $140.70 on Friday. Rogers Co. has a one year low of $98.45 and a one year high of $252.49. The company has a debt-to-equity ratio of 0.11, a quick ratio of 3.48 and a current ratio of 4.91. The firm has a market cap of $2.62 billion, a P/E ratio of 27.43 and a beta of 0.95. The firm has a 50-day simple moving average of $151.18 and a 200-day simple moving average of $155.54.

Rogers (NYSE:ROG) last posted its quarterly earnings results on Thursday, August 3rd. The electronics maker reported $1.07 EPS for the quarter, beating the consensus estimate of $1.05 by $0.02. Rogers had a net margin of 10.21% and a return on equity of 6.62%. The business had revenue of $230.82 million during the quarter, compared to analyst estimates of $240.10 million. Equities analysts anticipate that Rogers Co. will post 4.33 EPS for the current fiscal 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, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure.