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

Verition Fund Management LLC trimmed its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 19.5% in the third quarter, Holdings Channel reports. The institutional investor 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 institutional investors and hedge funds have also recently added to or reduced their stakes in RGR. GAMMA Investing LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 53.8% in 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. purchased a new position in Sturm, Ruger & Company, Inc. during the 2nd quarter valued at about $77,000. FMR LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 127.6% during the 3rd quarter. FMR LLC now owns 2,572 shares of the company’s stock worth $107,000 after purchasing an additional 1,442 shares in the last quarter. Indiana Trust & Investment Management Co acquired a new position in shares of Sturm, Ruger & Company, Inc. in the third quarter worth $108,000. Finally, Dark Forest Capital Management LP acquired a new position in Sturm, Ruger & Company, Inc. in the 2nd quarter valued at about $221,000. 64.00% of the stock is owned by institutional investors and hedge funds.

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

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

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Wednesday, November 13th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is presently 25.43%.

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.