Inspire Investing LLC Purchases 232 Shares of Rogers Co. (NYSE:ROG)

Inspire Investing LLC increased its position in Rogers Co. (NYSE:ROG) by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,327 shares of the electronics maker’s stock after buying an additional 232 shares during the quarter. Inspire Investing LLC’s holdings in Rogers were worth $440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ROG. American Century Companies Inc. lifted its position in Rogers by 20.0% in the 2nd quarter. American Century Companies Inc. now owns 21,460 shares of the electronics maker’s stock worth $2,588,000 after buying an additional 3,575 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Rogers by 7.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 19,595 shares of the electronics maker’s stock worth $2,363,000 after buying an additional 1,402 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Rogers in the second quarter valued at approximately $317,000. Hsbc Holdings PLC lifted its position in Rogers by 15.3% in the second quarter. Hsbc Holdings PLC now owns 2,797 shares of the electronics maker’s stock valued at $339,000 after purchasing an additional 371 shares during the last quarter. Finally, Sei Investments Co. lifted its position in Rogers by 10.0% in the second quarter. Sei Investments Co. now owns 40,358 shares of the electronics maker’s stock valued at $4,867,000 after purchasing an additional 3,667 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

Rogers Stock Performance

Shares of ROG stock opened at $99.82 on Friday. Rogers Co. has a fifty-two week low of $93.81 and a fifty-two week high of $134.07. The stock has a 50 day moving average price of $101.90 and a two-hundred day moving average price of $106.26. The company has a market capitalization of $1.86 billion, a P/E ratio of 37.25 and a beta of 0.53.

Rogers (NYSE:ROG) last announced its quarterly earnings data on Thursday, October 24th. The electronics maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.13. Rogers had a return on equity of 4.19% and a net margin of 5.91%. The firm had revenue of $210.30 million during the quarter, compared to the consensus estimate of $220.20 million. During the same quarter in the previous year, the company posted $1.24 earnings per share. As a group, equities analysts predict that Rogers Co. will post 2.71 earnings per share for the current year.

Insider Buying and Selling at Rogers

In related news, SVP Michael Reed Webb sold 416 shares of the company’s 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 completion of the transaction, the senior vice president now owns 4,400 shares in the company, valued at $478,808. This represents a 8.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.35% of the company’s stock.

Rogers 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.