International Assets Investment Management LLC grew its holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 4,075.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,041 shares of the company's stock after acquiring an additional 18,585 shares during the quarter. International Assets Investment Management LLC owned 0.11% of Sturm, Ruger & Company, Inc. worth $794,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of RGR. GAMMA Investing LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 53.8% in the third quarter. GAMMA Investing LLC now owns 735 shares of the company's stock valued at $31,000 after buying an additional 257 shares during the period. Palouse Capital Management Inc. bought a new position in Sturm, Ruger & Company, Inc. in the second quarter worth $77,000. Indiana Trust & Investment Management Co acquired a new stake in Sturm, Ruger & Company, Inc. during the third quarter worth $108,000. Dark Forest Capital Management LP bought a new stake in Sturm, Ruger & Company, Inc. in the 2nd quarter valued at $221,000. Finally, EntryPoint Capital LLC bought a new stake in Sturm, Ruger & Company, Inc. in the 1st quarter valued at $228,000. Institutional investors and hedge funds own 64.00% of the company's stock.
Sturm, Ruger & Company, Inc. Stock Performance
Shares of NYSE:RGR traded down $1.13 during midday trading on Wednesday, reaching $40.63. 593,658 shares of the company's stock were exchanged, compared to its average volume of 151,069. The company's 50 day simple moving average is $41.32 and its two-hundred day simple moving average is $42.51. Sturm, Ruger & Company, Inc. has a 12 month low of $38.13 and a 12 month high of $48.20. The firm has a market capitalization of $682.18 million, a PE ratio of 23.49 and a beta of 0.17.
Sturm, Ruger & Company, Inc. Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $0.44 annualized dividend and a dividend yield of 1.08%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 43.93%.
Sturm, Ruger & Company, Inc. Company Profile
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Free Report)
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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