UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 7.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 30,390 shares of the company’s stock after selling 2,483 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Sturm, Ruger & Company, Inc. were worth $1,267,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in 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 last quarter. Palouse Capital Management Inc. bought a new stake in shares of Sturm, Ruger & Company, Inc. in the second quarter worth about $77,000. FMR LLC increased its holdings in Sturm, Ruger & Company, Inc. by 127.6% during the 3rd quarter. FMR LLC now owns 2,572 shares of the company’s stock valued at $107,000 after purchasing an additional 1,442 shares during the period. Indiana Trust & Investment Management Co bought a new position in Sturm, Ruger & Company, Inc. during the 3rd quarter valued at approximately $108,000. Finally, Dark Forest Capital Management LP bought a new position in Sturm, Ruger & Company, Inc. during the 2nd quarter valued at approximately $221,000. 64.00% of the stock is owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of RGR stock opened at $36.21 on Wednesday. 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 $607.97 million, a P/E ratio of 20.93 and a beta of 0.16. The business’s 50 day moving average price is $39.31 and its 200-day moving average price is $41.17.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently disclosed 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 1.22%. The ex-dividend date of this dividend was Wednesday, November 13th. Sturm, Ruger & Company, Inc.’s payout ratio is currently 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.