Hartline Investment Corp cut its position in shares of Castle Brands Inc (NYSE:ROX) by 3.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,711,937 shares of the company’s stock after selling 90,000 shares during the period. Castle Brands makes up 1.4% of Hartline Investment Corp’s holdings, making the stock its 14th largest position. Hartline Investment Corp’s holdings in Castle Brands were worth $4,204,000 at the end of the most recent reporting period.
Separately, Bank of New York Mellon Corp boosted its stake in shares of Castle Brands by 28.4% in the first quarter. Bank of New York Mellon Corp now owns 67,856 shares of the company’s stock worth $106,000 after buying an additional 15,007 shares during the period.
Shares of Castle Brands Inc (NYSE:ROX) traded up 1.15% during midday trading on Friday, hitting $1.76. 512,059 shares of the stock were exchanged. The company’s market capitalization is $283.31 million. Castle Brands Inc has a 1-year low of $0.65 and a 1-year high of $1.90. The firm has a 50-day moving average of $1.68 and a 200-day moving average of $1.05.
Separately, Zacks Investment Research cut shares of Castle Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th.
About Castle Brands
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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