Should You Consider Investing in Rocky Brands (RCKY)?

Singular Research, an investment management firm, published its October 2021 investor letter – a copy of which can be seen here. For the month of October, the Singular coverage list underperformed the S&P 500 and outperformed the Russell 2000 by (128) and 142 basis points, respectively. Over the last twelve months, the Singular coverage list outperformed the S&P 500 and Russell 2000 by 6,625 and 5,777 basis points, respectively. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Singular Research, in its Q3 2021 investor letter, mentioned Rocky Brands, Inc. (NASDAQ: RCKY) and discussed its stance on the firm. Rocky Brands, Inc. is a Nelsonville, Ohio-based footwear manufacturing company with a $273.5 million market capitalization. RCKY delivered a 33.49% return since the beginning of the year, while its 12-month returns are up by 29.56%. The stock closed at $37.47 per share on December 21, 2021.

Here is what Singular Research has to say about Rocky Brands, Inc.   in its Q3 2021 investor letter:

“For the month, we initiated coverage on RCKY. RCKY is a leading designer, manufacturer, and marketer of premium quality, outdoor, work, western, and military footwear. RCKY presents a compelling investment to capitalize on the general publics’ increase in spending time outdoors.”

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Based on our calculations, Rocky Brands, Inc. (NASDAQ: RCKY) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. RCKY was in 10 hedge fund portfolios at the end of the third quarter of 2021, compared to 15 funds in the previous quarter. Rocky Brands, Inc. (NASDAQ: RCKY) delivered a -23.61% return in the past 3 months.

In October this year, we also shared another hedge fund’s views on RCKY in another article. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.