Paloma Partners Management Co Makes New $280,000 Investment in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Paloma Partners Management Co purchased a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,707 shares of the company’s stock, valued at approximately $280,000.

Several other institutional investors have also made changes to their positions in RGR. GAMMA Investing LLC increased its stake in Sturm, Ruger & Company, Inc. by 53.8% during 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 period. Palouse Capital Management Inc. bought a new position in shares of Sturm, Ruger & Company, Inc. in the second quarter worth $77,000. FMR LLC increased its position 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 worth $107,000 after purchasing an additional 1,442 shares during the period. Indiana Trust & Investment Management Co acquired a new position in Sturm, Ruger & Company, Inc. in the third quarter valued at about $108,000. Finally, Dark Forest Capital Management LP bought a new stake in Sturm, Ruger & Company, Inc. during the second quarter worth about $221,000. 64.00% of the stock is currently owned by institutional investors.

Sturm, Ruger & Company, Inc. Stock Down 1.1 %

Shares of Sturm, Ruger & Company, Inc. stock opened at $37.62 on Friday. Sturm, Ruger & Company, Inc. has a 12-month low of $37.18 and a 12-month high of $48.20. The company has a market capitalization of $631.64 million, a price-to-earnings ratio of 21.75 and a beta of 0.16. The firm’s 50-day moving average price is $40.06 and its two-hundred day moving average price is $41.57.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors 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 annualized dividend and a dividend yield of 1.17%. Sturm, Ruger & Company, Inc.’s dividend 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.