Rocky Brands (RCKY) sees AllianceBernstein disclose 6.8% ownership stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
AllianceBernstein L.P. reports beneficial ownership of 512,630 shares of Rocky Brands common stock, representing 6.8% of the outstanding class as of the reporting date. The firm holds 488,068 shares with sole voting power and 512,630 shares with sole dispositive power.
The shares are held solely for investment purposes in client discretionary advisory accounts, and AllianceBernstein certifies they were not acquired to change or influence control of Rocky Brands. AllianceBernstein, a majority-owned subsidiary of Equitable Holdings, states it operates under independent management and makes its own investment decisions.
Positive
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FAQ
What stake does AllianceBernstein hold in Rocky Brands (RCKY)?
AllianceBernstein L.P. reports beneficial ownership of 512,630 shares of Rocky Brands common stock, equal to 6.8% of the class. This ownership is held in discretionary investment advisory accounts managed for clients, not as a direct proprietary position.
Why is AllianceBernstein filing a Schedule 13G for Rocky Brands (RCKY)?
AllianceBernstein filed because its beneficial ownership in Rocky Brands exceeded 5%, triggering reporting requirements. The firm uses Schedule 13G to indicate the shares are held for investment purposes only, without the purpose or effect of changing or influencing control of the issuer.