SCHEDULE 13G: Neuberger Berman Discloses 5.2% Stake in Rogers Corp Through Schedule 13G Filing

Neuberger Berman Group LLC and its affiliate, Neuberger Berman Investment Advisers LLC, have disclosed a beneficial ownership of 5.2% in Rogers Corp common stock as of December 31, 2024.

Summary

• Neuberger Berman Group LLC and Neuberger Berman Investment Advisers LLC have filed a Schedule 13G, reporting their beneficial ownership in Rogers Corp.
• As of December 31, 2024, Neuberger Berman Group LLC beneficially owns an aggregate of 972,623 shares of Rogers Corp common stock, representing 5.2% of the class.
• Neuberger Berman Investment Advisers LLC beneficially owns an aggregate of 971,374 shares, also representing 5.2% of the class.
• The filing indicates shared voting power over 960,593 shares for Neuberger Berman Group LLC and 959,393 shares for Neuberger Berman Investment Advisers LLC.
• Shared dispositive power is reported for 972,623 shares by Neuberger Berman Group LLC and 971,374 shares by Neuberger Berman Investment Advisers LLC.
• The filing was made under Rule 13d-1(b), classifying Neuberger Berman Group LLC as a parent holding company and Neuberger Berman Investment Advisers LLC as an investment adviser.
• Neuberger Berman states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Rogers Corp.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative operational or financial news about the issuer, Rogers Corp.

Positives

• The disclosure of a significant stake by a reputable investment firm like Neuberger Berman could be seen as a vote of confidence in Rogers Corp's long-term prospects by institutional investors.

Negatives

• The filing itself does not contain negative financial or operational information about Rogers Corp.

Risks

• The document does not detail specific risks related to Rogers Corp's operations or financial health, as it is a beneficial ownership report. It only outlines the ownership structure and disclaims control intent.

Future Outlook

NA

Industry Context

This filing reflects a standard disclosure by a large asset management firm, Neuberger Berman, regarding its passive investment stake in Rogers Corp. Such disclosures are common in the financial industry as institutional investors cross ownership thresholds, indicating their portfolio positions rather than strategic corporate actions. It does not provide specific insights into broader industry trends or competitive landscape beyond the fact that Rogers Corp is a publicly traded entity attracting institutional investment.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence investor perception and potentially liquidity. The filing indicates a passive investment, not an intent to influence control.
• Company Management: Awareness of a significant institutional shareholder, though the filing explicitly states no intent to change or influence control.

Key Dates

Keywords

Rogers Corp, Neuberger Berman, Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Investment Adviser, Institutional Investor, Asset Management