Deprince Race & Zollo Inc. Acquires Shares of 47,637 Sturm, Ruger & Company, Inc. (NYSE:RGR)

Deprince Race & Zollo Inc. acquired a new stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 47,637 shares of the company's stock, valued at approximately $1,984,000. Deprince Race & Zollo Inc. owned approximately 0.27% of Sturm, Ruger & Company, Inc. as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of RGR. Cubist Systematic Strategies LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 131.8% in the second quarter. Cubist Systematic Strategies LLC now owns 16,981 shares of the company's stock valued at $707,000 after acquiring an additional 9,656 shares in the last quarter. Marshall Wace LLP grew its stake in Sturm, Ruger & Company, Inc. by 18.0% in the 2nd quarter. Marshall Wace LLP now owns 22,658 shares of the company's stock valued at $944,000 after purchasing an additional 3,464 shares during the period. Public Sector Pension Investment Board increased its position in shares of Sturm, Ruger & Company, Inc. by 4.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 38,267 shares of the company's stock valued at $1,594,000 after purchasing an additional 1,483 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter worth $311,000. Finally, Palouse Capital Management Inc. purchased a new position in shares of Sturm, Ruger & Company, Inc. in the 2nd quarter worth about $77,000. Institutional investors own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Down 1.0 %

RGR traded down $0.41 during trading on Friday, hitting $41.75. 120,880 shares of the company traded hands, compared to its average volume of 149,693. Sturm, Ruger & Company, Inc. has a one year low of $40.21 and a one year high of $55.94. The stock's fifty day moving average is $42.20 and its 200 day moving average is $43.52. The firm has a market cap of $703.49 million, a P/E ratio of 18.39 and a beta of 0.17.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.76 by ($0.29). The company had revenue of $130.76 million for the quarter, compared to the consensus estimate of $137.60 million. Sturm, Ruger & Company, Inc. had a net margin of 6.36% and a return on equity of 10.00%. The firm's revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 earnings per share. On average, equities research analysts forecast that Sturm, Ruger & Company, Inc. will post 2.19 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were paid a $0.19 dividend. This is a boost from Sturm, Ruger & Company, Inc.'s previous quarterly dividend of $0.16. This represents a $0.76 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Thursday, August 15th. Sturm, Ruger & Company, Inc.'s payout ratio is currently 32.90%.

Insider Activity

In other Sturm, Ruger & Company, Inc. news, VP Sarah F. Colbert sold 2,000 shares of the firm's stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $45.14, for a total value of $90,280.00. Following the completion of the transaction, the vice president now owns 32,080 shares in the company, valued at approximately $1,448,091.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 3.50% of the company's stock.

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.