The Manufacturers Life Insurance Company Has $258,000 Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

The Manufacturers Life Insurance Company cut its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,192 shares of the company’s stock after selling 630 shares during the period. The Manufacturers Life Insurance Company’s holdings in Sturm, Ruger & Company, Inc. were worth $258,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Sturm, Ruger & Company, Inc. by 53.8% during the third quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock valued at $31,000 after purchasing an additional 257 shares in the last quarter. Palouse Capital Management Inc. bought a new position in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter worth approximately $77,000. Indiana Trust & Investment Management Co bought a new stake in Sturm, Ruger & Company, Inc. in the third quarter valued at $108,000. Dark Forest Capital Management LP acquired a new position in shares of Sturm, Ruger & Company, Inc. during the second quarter valued at about $221,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the second quarter valued at about $311,000. Institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Trading Up 1.5 %

RGR stock opened at $36.92 on Tuesday. The stock has a market cap of $619.89 million, a P/E ratio of 21.34 and a beta of 0.16. Sturm, Ruger & Company, Inc. has a 1-year low of $35.61 and a 1-year high of $48.20. The stock’s fifty day simple moving average is $39.41 and its two-hundred day simple moving average is $41.23.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.44 annualized dividend and a dividend yield of 1.19%. 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.