Weiss Asset Management LP Makes New Investment in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Weiss Asset Management LP bought a new stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 49,546 shares of the company's stock, valued at approximately $2,065,000. Weiss Asset Management LP owned 0.30% of Sturm, Ruger & Company, Inc. as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in Sturm, Ruger & Company, Inc. by 12.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,912 shares of the company's stock valued at $319,000 after acquiring an additional 762 shares during the period. SG Americas Securities LLC purchased a new position in Sturm, Ruger & Company, Inc. in the 2nd quarter valued at approximately $1,332,000. Assenagon Asset Management S.A. raised its holdings in Sturm, Ruger & Company, Inc. by 112.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 142,729 shares of the company's stock valued at $5,945,000 after acquiring an additional 75,625 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Sturm, Ruger & Company, Inc. by 6.9% during the second quarter. Bank of New York Mellon Corp now owns 207,639 shares of the company's stock worth $8,648,000 after acquiring an additional 13,460 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 15.6% in the second quarter. Rhumbline Advisers now owns 46,685 shares of the company's stock worth $1,944,000 after acquiring an additional 6,306 shares during the period. Hedge funds and other institutional investors own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Stock Down 4.2 %

RGR traded down $1.59 during trading on Friday, reaching $36.03. 274,314 shares of the company were exchanged, compared to its average volume of 147,861. Sturm, Ruger & Company, Inc. has a 12-month low of $35.61 and a 12-month high of $48.20. The company's 50-day moving average is $39.95 and its two-hundred day moving average is $41.52. The company has a market cap of $604.94 million, a price-to-earnings ratio of 20.83 and a beta of 0.16.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.44 annualized dividend and a yield of 1.22%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is currently 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.