Here’s Why Rocky Brands (RCKY) Became Merion Road’s Top Gainer for Q1 2021
Merion Road Capital Management, an investment management firm, published its first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 2.5% was reported by the fund’s Long Only Large Cap Fund, while its Long Short Small Cap Fund delivered a 23.8% in the first quarter of 2021, outperforming its Russell 2000 and Barclay Hedge Fund benchmarks that had a 12.9% and 4.9% gains respectively in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Merion Road Capital Management, in their Q1 2021 investor letter, mentioned Rocky Brands, Inc. (NASDAQ: RCKY) and shared their insights on the company. Rocky Brands, Inc. is a Nelsonville, Ohio-based shoe manufacturing company that currently has a $406.9 million market capitalization. Since the beginning of the year, RCKY delivered a whopping 99.93% return, impressively extending its 12-month gains to 172.16%. As of April 09, 2021, the stock closed at $56.12 per share.