Springbank Value Partners Lp buys $429,450 stake in Rogers Corporation (ROG)

Rogers Corporation (ROG) : Springbank Value Partners Lp scooped up 5,000 additional shares in Rogers Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 7,000 shares of Rogers Corporation which is valued at $429,450.Rogers Corporation makes up approximately 0.74% of Springbank Value Partners Lp’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans boosted its stake in ROG in the latest quarter, The investment management firm added 570 additional shares and now holds a total of 8,310 shares of Rogers Corporation which is valued at $509,819. Profund Advisors added ROG to its portfolio by purchasing 5,208 company shares during the most recent quarter which is valued at $329,198. Rogers Corporation makes up approx 0.02% of Profund Advisors’s portfolio. Heartland Advisors Inc sold out all of its stake in ROG during the most recent quarter. The investment firm sold 29,978 shares of ROG which is valued $1.9 Million.

Rogers Corporation opened for trading at $60.16 and hit $62.49 on the upside on Friday, eventually ending the session at $62.45, with a gain of 4.26% or 2.55 points. The heightened volatility saw the trading volume jump to 93,000 shares. Company has a market cap of $1,124 M.

On the company’s financial health, Rogers Corporation reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.31 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.63. The company had revenue of $160.57 million for the quarter, compared to analysts expectations of $151.24 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.94 EPS.

Many Wall Street Analysts have commented on Rogers Corporation. Rogers Corporation was Initiated by Drexel Hamilton to “Buy” on Mar 11, 2016.

Rogers Corporation is a supplier of specialty materials products. The Company supplies products across a range of end markets including portable communications communications infrastructure consumer electronics mass transit automotive defense and clean technology. The Company operates through segments: Printed Circuit Materials (PCM) High Performance Foams (HPF) Power Electronics Solutions (PES) and Others. The Printed Circuit Materials segment includes printed circuit board laminate products for high frequency and high performance applications. The High Performance Foams segment includes polyurethane and silicone foam as well as solid products manufactured in roll stock sheet and molded formats. The Power Electronics Solutions segment consists of direct bond copper (DBC) ceramic substrate products and busbar power distribution products. The Other segment consists of elastomer components floats and inverter distribution activities.

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