Verition Fund Management LLC Cuts Stake in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Verition Fund Management LLC reduced its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 19.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,748 shares of the company’s stock after selling 1,391 shares during the period. Verition Fund Management LLC’s holdings in Sturm, Ruger & Company, Inc. were worth $240,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. lifted its stake in shares of 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 worth $5,945,000 after acquiring an additional 75,625 shares during the last quarter. Impala Asset Management LLC acquired a new stake in Sturm, Ruger & Company, Inc. in the 2nd quarter worth approximately $2,228,000. Deprince Race & Zollo Inc. purchased a new stake in Sturm, Ruger & Company, Inc. during the 2nd quarter valued at about $1,984,000. Quest Partners LLC boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 4,027.7% in the 3rd quarter. Quest Partners LLC now owns 21,877 shares of the company’s stock valued at $912,000 after acquiring an additional 21,347 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Sturm, Ruger & Company, Inc. by 4,075.7% during the third quarter. International Assets Investment Management LLC now owns 19,041 shares of the company’s stock worth $794,000 after acquiring an additional 18,585 shares during the period. 64.00% of the stock is currently owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Trading Down 0.6 %

Shares of RGR opened at $36.38 on Monday. The firm has a market cap of $610.82 million, a P/E ratio of 21.03 and a beta of 0.16. The stock’s 50 day moving average is $39.50 and its two-hundred day moving average is $41.28. Sturm, Ruger & Company, Inc. has a 12 month low of $35.61 and a 12 month high of $48.20.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.44 annualized dividend and a yield of 1.21%. Sturm, Ruger & Company, Inc.’s payout ratio is 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.