State of Alaska Department of Revenue Sells 598 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

State of Alaska Department of Revenue decreased its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,619 shares of the company’s stock after selling 598 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Sturm, Ruger & Company, Inc. worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in Sturm, Ruger & Company, Inc. by 4,075.7% in the 3rd quarter. International Assets Investment Management LLC now owns 19,041 shares of the company’s stock worth $794,000 after purchasing an additional 18,585 shares during the period. Indiana Trust & Investment Management Co bought a new stake in shares of Sturm, Ruger & Company, Inc. in the third quarter valued at about $108,000. Creative Planning acquired a new position in shares of Sturm, Ruger & Company, Inc. during the third quarter worth about $320,000. Exchange Traded Concepts LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 10.0% during the third quarter. Exchange Traded Concepts LLC now owns 48,740 shares of the company’s stock worth $2,031,000 after buying an additional 4,422 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 53.8% during the third quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock worth $31,000 after buying an additional 257 shares in the last quarter. Institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Stock Up 0.1 %

NYSE:RGR opened at $41.06 on Friday. The company has a market cap of $689.44 million, a P/E ratio of 23.73 and a beta of 0.17. Sturm, Ruger & Company, Inc. has a twelve month low of $38.13 and a twelve month high of $48.20. The business has a 50 day moving average price of $41.27 and a two-hundred day moving average price of $42.46.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.07%. Sturm, Ruger & Company, Inc.’s payout ratio is 25.43%.

About Sturm, Ruger & Company, Inc.

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.