Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Sells $17,820.00 in Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Amir Rosenthal sold 500 shares of Sturm, Ruger & Company, Inc. stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $35.64, for a total transaction of $17,820.00. Following the sale, the director now owns 17,054 shares in the company, valued at approximately $607,804.56. The trade was a 2.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Sturm, Ruger & Company, Inc. Stock Performance

RGR opened at $34.81 on Thursday. The stock has a market capitalization of $584.49 million, a price-to-earnings ratio of 20.12 and a beta of 0.17. The company has a fifty day moving average of $37.31 and a 200 day moving average of $40.31. Sturm, Ruger & Company, Inc. has a fifty-two week low of $34.11 and a fifty-two week high of $48.20.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, November 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.26%. Sturm, Ruger & Company, Inc.’s payout ratio is 25.43%.

Institutional Investors Weigh In On Sturm, Ruger & Company, Inc.

Several large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Sturm, Ruger & Company, Inc. by 53.8% during the 3rd quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock valued at $31,000 after buying 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 valued at approximately $77,000. FMR LLC grew its holdings in shares of Sturm, Ruger & Company, Inc. by 127.6% in the third quarter. FMR LLC now owns 2,572 shares of the company’s stock valued at $107,000 after purchasing an additional 1,442 shares in the last quarter. Indiana Trust & Investment Management Co bought a new stake in Sturm, Ruger & Company, Inc. in the third quarter worth $108,000. Finally, Dark Forest Capital Management LP purchased a new stake in Sturm, Ruger & Company, Inc. during the second quarter valued at $221,000. 64.00% of the stock is owned by institutional investors.

About Sturm, Ruger & Company, Inc.

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates under the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.