Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) Director Amir Rosenthal sold 500 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $35.64, for a total value of $17,820.00. Following the sale, the director now directly owns 17,054 shares in the company, valued at approximately $607,804.56. This trade represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Sturm, Ruger & Company, Inc. Stock Performance
Shares of Sturm, Ruger & Company, Inc. stock traded down $0.24 on Monday, reaching $34.88. 142,767 shares of the stock were exchanged, compared to its average volume of 126,822. The firm's 50 day moving average is $37.68 and its 200-day moving average is $40.45. Sturm, Ruger & Company, Inc. has a one year low of $34.14 and a one year high of $48.20. The firm has a market cap of $585.67 million, a PE ratio of 20.16 and a beta of 0.17.
Sturm, Ruger & Company, Inc. Cuts Dividend
The firm also recently announced 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 annualized dividend and a yield of 1.26%. The ex-dividend date was Wednesday, November 13th. Sturm, Ruger & Company, Inc.'s payout ratio is presently 25.43%.
Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Rule One Partners LLC acquired a new stake in Sturm, Ruger & Company, Inc. in the third quarter valued at about $9,142,000. Impala Asset Management LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 2nd quarter valued at approximately $2,228,000. Weiss Asset Management LP bought a new stake in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter valued at approximately $2,065,000. Deprince Race & Zollo Inc. acquired a new position in Sturm, Ruger & Company, Inc. during the 2nd quarter worth approximately $1,984,000. Finally, Quest Partners LLC lifted its stake in Sturm, Ruger & Company, Inc. by 4,027.7% in the 3rd quarter. Quest Partners LLC now owns 21,877 shares of the company's stock valued at $912,000 after purchasing an additional 21,347 shares during the last quarter. Institutional investors own 64.00% of the company's stock.
About Sturm, Ruger & Company, Inc.
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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.
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