RBC Bearings Incorporated (NYSE:RBCP) Short Interest Update

RBC Bearings Incorporated (NYSE:RBCP) saw a large drop in short interest in September. As of September 30th, there was short interest totalling 1,300 shares, a drop of 38.1% from the September 15th total of 2,100 shares. Based on an average daily trading volume, of 49,500 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of RBC Bearings

Large investors have recently modified their holdings of the company. Central Pacific Bank Trust Division bought a new position in RBC Bearings in the first quarter valued at about $432,000. BlueCrest Capital Management Ltd bought a new position in shares of RBC Bearings in the 1st quarter worth approximately $455,000. Bank of Montreal Can boosted its holdings in shares of RBC Bearings by 1,199,900.0% in the second quarter. Bank of Montreal Can now owns 36,000 shares of the company’s stock worth $4,407,000 after buying an additional 35,997 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of RBC Bearings in the first quarter worth approximately $10,633,000. Finally, Van ECK Associates Corp grew its position in RBC Bearings by 11.9% during the first quarter. Van ECK Associates Corp now owns 163,276 shares of the company’s stock valued at $19,934,000 after buying an additional 17,418 shares during the period.

RBC Bearings Price Performance

Shares of NYSE:RBCP opened at $123.51 on Monday. The business has a 50-day simple moving average of $128.41 and a two-hundred day simple moving average of $125.12. RBC Bearings has a fifty-two week low of $103.29 and a fifty-two week high of $136.40.

RBC Bearings Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $1.25 per share. The ex-dividend date is Tuesday, October 1st. This represents a $5.00 annualized dividend and a dividend yield of 4.05%.

About RBC Bearings

RBC Bearings Incorporated manufactures and markets engineered precision bearings, components, and systems in the United States and internationally. It operates through two segments, Aerospace/Defense and Industrial. The company produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings; roller bearings, such as tapered roller bearings, needle roller bearings, and needle bearing track rollers and cam followers, which are anti-friction products that are used in industrial applications and military aircraft platforms; and ball bearings include high precision aerospace, airframe control, thin section, and industrial ball bearings that utilize high precision ball elements to reduce friction in high-speed applications.