Castle Brands Inc (NYSEAMERICAN:ROX) shares saw unusually-high trading volume on Monday . Approximately 2,807,163 shares changed hands during mid-day trading, an increase of 163% from the previous session’s volume of 1,065,468 shares.The stock last traded at $1.37 and had previously closed at $1.19.

ROX has been the topic of several recent research reports. Zacks Investment Research cut shares of Castle Brands from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Barrington Research boosted their price objective on shares of Castle Brands from $1.80 to $2.00 and gave the company an “outperform” rating in a research note on Tuesday, October 3rd. Finally, TheStreet raised shares of Castle Brands from a “d+” rating to a “c-” rating in a research note on Tuesday, November 28th.

A number of hedge funds and other institutional investors have recently modified their holdings of ROX. State Street Corp purchased a new position in Castle Brands in the 2nd quarter valued at about $1,669,000. Vanguard Group Inc. lifted its holdings in Castle Brands by 30.1% in the 2nd 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 in the last quarter. Northern Trust Corp lifted its holdings in Castle Brands by 501.7% in the 2nd 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 in the last quarter. EAM Investors LLC lifted its holdings in Castle Brands by 89.1% in the 2nd 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 in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Castle Brands by 245.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 390,787 shares of the company’s stock valued at $606,000 after purchasing an additional 277,822 shares in the last quarter.

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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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