GSA Capital Partners LLP Sells 7,281 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

GSA Capital Partners LLP reduced its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 48.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,669 shares of the company’s stock after selling 7,281 shares during the quarter. GSA Capital Partners LLP’s holdings in Sturm, Ruger & Company, Inc. were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in Sturm, Ruger & Company, Inc. by 53.8% in the 3rd quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock worth $31,000 after acquiring an additional 257 shares during the last quarter. Palouse Capital Management Inc. purchased a new position in Sturm, Ruger & Company, Inc. in the 2nd quarter worth approximately $77,000. Indiana Trust & Investment Management Co purchased a new position in Sturm, Ruger & Company, Inc. in the 3rd quarter worth approximately $108,000. Dark Forest Capital Management LP purchased a new position in Sturm, Ruger & Company, Inc. in the 2nd quarter worth approximately $221,000. Finally, Intech Investment Management LLC purchased a new stake in Sturm, Ruger & Company, Inc. during the 2nd quarter valued at $311,000. 64.00% of the stock is owned by institutional investors.

Sturm, Ruger & Company, Inc. Trading Up 1.1 %

Shares of RGR opened at $37.94 on Friday. The firm has a market cap of $637.01 million, a PE ratio of 21.63 and a beta of 0.17. The firm has a fifty day simple moving average of $40.84 and a two-hundred day simple moving average of $41.97. Sturm, Ruger & Company, Inc. has a 1-year low of $37.18 and a 1-year high of $48.20.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.44 dividend on an annualized basis and a yield of 1.16%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 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.