Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 53.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 735 shares of the company’s stock after buying an additional 257 shares during the period. GAMMA Investing LLC’s holdings in Sturm, Ruger & Company, Inc. were worth $31,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RGR. CWM LLC raised its stake in shares of Sturm, Ruger & Company, Inc. by 187.0% in the 1st quarter. CWM LLC now owns 1,346 shares of the company’s stock valued at $62,000 after acquiring an additional 877 shares during the period. PNC Financial Services Group Inc. increased its holdings in Sturm, Ruger & Company, Inc. by 28.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,618 shares of the company’s stock valued at $74,000 after purchasing an additional 355 shares in the last quarter. Palouse Capital Management Inc. purchased a new position in Sturm, Ruger & Company, Inc. in the second quarter valued at about $77,000. EntryPoint Capital LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. during the first quarter worth about $228,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Sturm, Ruger & Company, Inc. during the second quarter worth about $221,000. 64.00% of the stock is owned by institutional investors and hedge funds.

Sturm, Ruger & Company, Inc. Stock Performance

RGR stock opened at $42.48 on Friday. The firm has a market cap of $715.79 million, a P/E ratio of 22.72 and a beta of 0.16. Sturm, Ruger & Company, Inc. has a 1 year low of $40.21 and a 1 year high of $55.58. The stock has a 50-day simple moving average of $41.61 and a 200-day simple moving average of $43.04.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.29). Sturm, Ruger & Company, Inc. had a net margin of 6.36% and a return on equity of 10.00%. The firm had revenue of $130.76 million during the quarter, compared to analyst estimates of $137.60 million. During the same period last year, the business earned $0.91 EPS. The firm’s revenue was down 8.4% compared to the same quarter last year. On average, equities research analysts predict that Sturm, Ruger & Company, Inc. will post 2.19 EPS for the current year.

Sturm, Ruger & Company, Inc. Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a $0.19 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.76 dividend on an annualized basis and a yield of 1.79%. This is a positive change from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.16. Sturm, Ruger & Company, Inc.’s payout ratio is currently 40.64%.

Sturm, Ruger & Company, Inc. Company 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.