As Opus Bk Irvine Calif (OPB) Share Value Declined, Fortress Investment Group Trimmed Its Stake by $3.23 Million; Rogers (ROG) Valuation Declined While Walthausen & Company Has Trimmed Its Stake

May 18, 2018 - By Henry Gaston

Rogers Corporation (NYSE:ROG) Logo

Michael Novogratz decreased its stake in Opus Bk Irvine Calif (OPB) by 3.24% based on its latest 2017Q4 regulatory filing with the SEC. Fortress Investment Group Llc sold 119,450 shares as the company’s stock declined 1.06% with the market. The hedge fund run by Michael Novogratz held 3.57M shares of the company at the end of 2017Q4, valued at $97.34 million, down from 3.69 million at the end of the previous reported quarter. Fortress Investment Group Llc who had been investing in Opus Bk Irvine Calif for a number of months, seems to be less bullish one the $1.05B market cap company. The stock increased 0.35% or $0.1 during the last trading session, reaching $29.05. About 66,174 shares traded. Opus Bank (NASDAQ:OPB) has risen 46.46% since May 18, 2017 and is uptrending. It has outperformed by 34.91% the S&P500.

Walthausen & Company decreased its stake in Rogers Corp (ROG) by 26.89% based on its latest 2017Q4 regulatory filing with the SEC. Walthausen & Company sold 44,350 shares as the company’s stock declined 23.12% with the market. The institutional investor held 120,552 shares of the major chemicals company at the end of 2017Q4, valued at $19.52M, down from 164,902 at the end of the previous reported quarter. Walthausen & Company who had been investing in Rogers Corp for a number of months, seems to be less bullish one the $2.20 billion market cap company. The stock increased 0.92% or $1.1 during the last trading session, reaching $120.02. About 113,079 shares traded. Rogers Corporation (NYSE:ROG) has risen 45.81% since May 18, 2017 and is uptrending. It has outperformed by 34.26% the S&P500.

Among 9 analysts covering Opus Bank (NASDAQ:OPB), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Opus Bank had 20 analyst reports since July 29, 2015 according to SRatingsIntel. PiperJaffray downgraded Opus Bank (NASDAQ:OPB) on Tuesday, January 23 to “Neutral” rating. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, February 26. Piper Jaffray maintained it with “Buy” rating and $27.0 target in Thursday, October 5 report. Credit Suisse initiated the stock with “Outperform” rating in Wednesday, June 29 report. On Monday, January 30 the stock rating was downgraded by JP Morgan to “Neutral”. The rating was initiated by JMP Securities with “Mkt Perform” on Friday, September 16. The stock has “Hold” rating by Hovde Group on Friday, April 6. The firm has “Mkt Perform” rating given on Tuesday, October 25 by Keefe Bruyette & Woods. The company was maintained on Monday, December 19 by Hovde Group.

Analysts await Opus Bank (NASDAQ:OPB) to report earnings on July, 23. They expect $0.35 EPS, down 31.37% or $0.16 from last year’s $0.51 per share. OPB’s profit will be $12.60M for 20.75 P/E if the $0.35 EPS becomes a reality. After $0.34 actual EPS reported by Opus Bank for the previous quarter, Wall Street now forecasts 2.94% EPS growth.

More notable recent Opus Bank (NASDAQ:OPB) news were published by: Businesswire.com which released: “Opus Bank Hires San Diego Market Leader” on May 15, 2018, also Businesswire.com with their article: “Opus Bank Expands Its Los Angeles Commercial Banking Team” published on May 16, 2018, Streetinsider.com published: “Opus Bank (OPB) Misses Q1 EPS by 2c” on April 23, 2018. More interesting news about Opus Bank (NASDAQ:OPB) were released by: Seekingalpha.com and their article: “Opus Bank’s (OPB) CEO Stephen Gordon on Q1 2018 Results – Earnings Call Transcript” published on April 23, 2018 as well as Streetinsider.com‘s news article titled: “Elliott’s 13F Shows New Stake in Commault (CVLT), Dish (DISH), Micro Focus (MFGP) (more…)” with publication date: May 15, 2018.

Among 4 analysts covering Rogers Corp (NYSE:ROG), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Rogers Corp had 15 analyst reports since October 2, 2015 according to SRatingsIntel. The firm has “Buy” rating by Needham given on Thursday, March 1. The firm has “Buy” rating given on Friday, April 27 by B. Riley & Co. B. Riley & Co maintained the stock with “Buy” rating in Monday, July 31 report. The firm has “Buy” rating by Sidoti given on Wednesday, April 12. The rating was maintained by Needham with “Buy” on Wednesday, August 2. The firm has “Buy” rating by FBR Capital given on Friday, December 15. Sidoti downgraded the stock to “Neutral” rating in Wednesday, November 16 report. B. Riley & Co initiated the shares of ROG in report on Friday, October 2 with “Neutral” rating. The rating was maintained by B. Riley & Co with “Buy” on Tuesday, August 15. The firm has “Buy” rating given on Friday, November 3 by Needham.

Walthausen & Company, which manages about $1.45 billion and $1.06B US Long portfolio, upped its stake in Electronics For Imaging Inc (NASDAQ:EFII) by 167,810 shares to 620,800 shares, valued at $18.33 million in 2017Q4, according to the filing. It also increased its holding in Loral Space & Communications I (NASDAQ:LORL) by 68,924 shares in the quarter, for a total of 136,750 shares, and has risen its stake in Mdc Holdings Inc (NYSE:MDC).

More news for Rogers Corporation (NYSE:ROG) were recently published by: Seekingalpha.com, which released: “Rogers Corporation’s (ROG) CEO Bruce Hoechner on Q1 2018 Results – Earnings Call Transcript” on April 28, 2018. Streetinsider.com‘s article titled: “FDA names drugmakers potentially acting to delay cheap generics” and published on May 17, 2018 is yet another important article.

Investors sentiment decreased to 1.09 in 2017 Q4. Its down 0.65, from 1.74 in 2017Q3. It dropped, as 29 investors sold ROG shares while 73 reduced holdings. 44 funds opened positions while 67 raised stakes. 15.75 million shares or 5.44% less from 16.66 million shares in 2017Q3 were reported. Virginia Retirement System Et Al holds 0.01% or 7,100 shares in its portfolio. Motco has 40 shares for 0% of their portfolio. Northern reported 618,889 shares. Atlantic Trust Gp Limited Company owns 12,162 shares. Legal & General Grp Public Limited Com holds 0% or 36,547 shares in its portfolio. Pnc Svcs stated it has 734 shares. Aurora Investment Counsel holds 12,431 shares. Teacher Retirement System Of Texas holds 6,237 shares. 30,231 are owned by Amer Century Inc. Cortina Asset Mgmt Lc holds 1.09% or 153,223 shares in its portfolio. Hightower Advsr Lc reported 9,776 shares. Jpmorgan Chase invested in 39,095 shares or 0% of the stock. Neuberger Berman Group Lc reported 0.28% of its portfolio in Rogers Corporation (NYSE:ROG). Alliancebernstein Lp has 41,187 shares for 0% of their portfolio. Hanseatic Mgmt has invested 0% in Rogers Corporation (NYSE:ROG).

Analysts await Rogers Corporation (NYSE:ROG) to report earnings on July, 30. They expect $1.33 EPS, 0.00% or $0.00 from last year’s $1.33 per share. ROG’s profit will be $24.42M for 22.56 P/E if the $1.33 EPS becomes a reality. After $1.48 actual EPS reported by Rogers Corporation for the previous quarter, Wall Street now forecasts -10.14% negative EPS growth.

Since February 20, 2018, it had 0 insider buys, and 6 sales for $2.59 million activity. GLANDON GARY M sold $132,380 worth of stock or 1,000 shares. 181 shares valued at $20,437 were sold by Stipp Janice E on Friday, May 4. Knoll Jay B sold 1,250 shares worth $164,725. Another trade for 1,430 shares valued at $222,837 was sold by Grudzien Jeffrey M.

Rogers Corporation (NYSE:ROG) Institutional Positions Chart

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