Rule One Partners LLC Makes New $9.14 Million Investment in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Rule One Partners LLC purchased a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 219,348 shares of the company's stock, valued at approximately $9,142,000. Sturm, Ruger & Company, Inc. comprises about 3.9% of Rule One Partners LLC's investment portfolio, making the stock its 6th biggest position. Rule One Partners LLC owned about 1.31% of Sturm, Ruger & Company, Inc. at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in Sturm, Ruger & Company, Inc. by 112.7% during the second quarter. Assenagon Asset Management S.A. now owns 142,729 shares of the company's stock worth $5,945,000 after acquiring an additional 75,625 shares during the last quarter. Impala Asset Management LLC purchased a new stake in Sturm, Ruger & Company, Inc. in the 2nd quarter valued at about $2,228,000. Weiss Asset Management LP acquired a new position in Sturm, Ruger & Company, Inc. in the third quarter valued at about $2,065,000. Deprince Race & Zollo Inc. purchased a new position in Sturm, Ruger & Company, Inc. during the second quarter worth about $1,984,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the second quarter valued at about $1,332,000. Hedge funds and other institutional investors own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Price Performance

Shares of RGR stock traded down $0.21 during trading hours on Thursday, hitting $36.59. The company had a trading volume of 102,441 shares, compared to its average volume of 152,490. The stock has a market capitalization of $614.38 million, a PE ratio of 21.26 and a beta of 0.16. The company's fifty day moving average is $39.67 and its 200 day moving average is $41.38. Sturm, Ruger & Company, Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $48.20.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Wednesday, November 13th. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is 25.43%.

Sturm, Ruger & Company, Inc. Profile

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.