Dark Forest Capital Management LP Invests $221,000 in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Dark Forest Capital Management LP bought a new position in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,305 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Sturm, Ruger & Company, Inc. by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 2,119,506 shares of the company’s stock valued at $97,815,000 after purchasing an additional 86,532 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Sturm, Ruger & Company, Inc. by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 207,639 shares of the company’s stock valued at $8,648,000 after buying an additional 13,460 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in Sturm, Ruger & Company, Inc. by 1,888.1% in the first quarter. Commonwealth Equity Services LLC now owns 167,939 shares of the company’s stock valued at $7,750,000 after buying an additional 159,492 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Sturm, Ruger & Company, Inc. by 112.7% in the second quarter. Assenagon Asset Management S.A. now owns 142,729 shares of the company’s stock valued at $5,945,000 after buying an additional 75,625 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Sturm, Ruger & Company, Inc. by 16.1% during the 4th quarter. Wellington Management Group LLP now owns 119,211 shares of the company’s stock worth $5,418,000 after buying an additional 16,553 shares during the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Stock Performance

RGR opened at $41.68 on Tuesday. Sturm, Ruger & Company, Inc. has a one year low of $40.21 and a one year high of $55.94. The company has a market cap of $725.27 million, a P/E ratio of 18.04 and a beta of 0.17. The business’s 50-day simple moving average is $42.17 and its 200-day simple moving average is $43.47.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $130.76 million during the quarter, compared to analyst estimates of $137.60 million. During the same period last year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was down 8.4% compared to the same quarter last year. As a group, analysts predict that Sturm, Ruger & Company, Inc. will post 2.19 earnings per share for the current fiscal year.

Sturm, Ruger & Company, Inc. Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.82%. This is an increase from Sturm, Ruger & Company, Inc.’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, August 15th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is 32.90%.

Insider Buying and Selling

In other Sturm, Ruger & Company, Inc. news, VP Sarah F. Colbert sold 2,000 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $45.14, for a total value of $90,280.00. Following the completion of the transaction, the vice president now owns 32,080 shares in the company, valued at $1,448,091.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.50% of the stock is owned by company insiders.

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.