Castle Brands Inc (ROX) Shares Bought by Manatuck Hill Partners LLC
Manatuck Hill Partners LLC boosted its stake in shares of Castle Brands Inc (NYSE:ROX) by 15.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 750,000 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. Manatuck Hill Partners LLC owned about 0.46% of Castle Brands worth $1,290,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in ROX. EAM Investors LLC increased its holdings in shares of Castle Brands by 89.1% in the second quarter. EAM Investors LLC now owns 772,792 shares of the company’s stock valued at $1,329,000 after purchasing an additional 364,209 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Castle Brands by 30.1% in the second quarter. Vanguard Group Inc. now owns 3,841,633 shares of the company’s stock valued at $6,608,000 after purchasing an additional 889,189 shares during the period. Northern Trust Corp raised its position in shares of Castle Brands by 501.7% in the second quarter. Northern Trust Corp now owns 973,335 shares of the company’s stock valued at $1,674,000 after purchasing an additional 811,570 shares during the period. TIAA CREF Investment Management LLC bought a new position in shares of Castle Brands in the second quarter valued at about $401,000. Finally, Teachers Advisors LLC bought a new position in shares of Castle Brands in the second quarter valued at about $266,000.
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Shares of Castle Brands Inc (ROX) traded up 5.97% on Monday, reaching $1.42. 546,986 shares of the company were exchanged. The company’s 50 day moving average is $1.52 and its 200 day moving average is $1.63. Castle Brands Inc has a 12-month low of $0.65 and a 12-month high of $2.22. The firm’s market capitalization is $233.31 million.
Castle Brands (NYSE:ROX) last posted its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $20.85 million for the quarter, compared to analysts’ expectations of $18.18 million. Castle Brands had a negative return on equity of 201.80% and a negative net margin of 4.15%. Analysts forecast that Castle Brands Inc will post $0.02 earnings per share for the current year.
Separately, Zacks Investment Research cut shares of Castle Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th.
Castle Brands Profile
Castle Brands Inc develops and markets premium and super premium brands in the beverage alcohol categories. The Company is engaged in the sale of premium beverage alcohol. Its beverage alcohol categories include rum, whiskey, liqueurs, vodka and tequila. Its brands include Gosling’s rum, Gosling’s Stormy Ginger Beer, Gosling’s Dark ‘n Stormy ready-to-drink cocktail, Jefferson’s bourbon, Jefferson’s Reserve, Jefferson’s Ocean Aged at Sea, Jefferson’s Wine Finish Collection, Jefferson’s The Manhattan: Barrel Finished Cocktail, Jefferson’s Chef’s Collaboration, Jefferson’s Wood Experiment, Jefferson’s Presidential Select, Jefferson’s Rye whiskey, Pallini liqueurs, Clontarf Irish whiskey, Knappogue Castle Whiskey, Brady’s Irish Cream, Boru vodka, Tierras tequila, Celtic Honey liqueur and Gozio amaretto.
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