Top Investors Losing Faith In Rogers Corporation (ROG)

Seeing as Rogers Corporation (NYSE:ROG) has witnessed a declination in interest from hedge fund managers, it’s easy to see that there were a few money managers who were dropping their positions entirely heading into Q4. At the top of the heap, Mark Coe’s Coe Capital Management dropped the biggest stake of all the hedgies monitored by Insider Monkey, totaling about $5.5 million in stock. Ken Gray and Steve Walsh’s fund, Bryn Mawr Capital, also said goodbye to its stock, about $1.6 million worth. These transactions are important to note, as total hedge fund interest was cut by 4 funds heading into Q4.

Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Rogers Corporation (NYSE:ROG) but similarly valued. These stocks are Boise Cascade Co (NYSE:BCC), Semtech Corporation (NASDAQ:SMTC), II-VI, Inc. (NASDAQ:IIVI), and BancFirst Corporation (NASDAQ:BANF). This group of stocks’ market values match Rogers Corporation’s market value.

As you can see these stocks had an average of 13.25 hedge funds with bullish positions and the average amount invested in these stocks was $65 million. That figure was $83 million in Rogers Corporation’s case. Boise Cascade Co (NYSE:BCC) is the most popular stock in this table. On the other hand BancFirst Corporation (NASDAQ:BANF) is the least popular one with only 5 bullish hedge fund positions. Rogers Corporation (NYSE:ROG) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard Boise Cascade Co might be a better candidate to consider for a long position.