Insider Selling: Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Sells 500 Shares of Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Amir Rosenthal sold 500 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $35.64, for a total value of $17,820.00. Following the sale, the director now owns 17,054 shares of the company’s stock, valued at $607,804.56. The trade was a 2.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of RGR stock traded down $0.24 during trading on Monday, hitting $34.88. 142,671 shares of the company were exchanged, compared to its average volume of 126,790. The business’s 50-day simple moving average is $37.68 and its 200 day simple moving average is $40.45. Sturm, Ruger & Company, Inc. has a twelve month low of $34.14 and a twelve month high of $48.20. The firm has a market capitalization of $585.67 million, a price-to-earnings ratio of 20.16 and a beta of 0.17.

Sturm, Ruger & Company, Inc. Cuts Dividend

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

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

Hedge funds have recently modified their holdings of the stock. Rule One Partners LLC acquired a new stake in Sturm, Ruger & Company, Inc. during the third quarter valued at $9,142,000. Impala Asset Management LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter valued at about $2,228,000. Weiss Asset Management LP bought a new stake in shares of Sturm, Ruger & Company, Inc. in the 3rd quarter valued at approximately $2,065,000. Deprince Race & Zollo Inc. acquired a new position in Sturm, Ruger & Company, Inc. in the second quarter worth approximately $1,984,000. Finally, Quest Partners LLC raised its position in Sturm, Ruger & Company, Inc. by 4,027.7% during the third quarter. Quest Partners LLC now owns 21,877 shares of the company’s stock valued at $912,000 after acquiring an additional 21,347 shares in the last quarter. 64.00% of the stock is owned by institutional investors and hedge funds.

About Sturm, Ruger & Company, Inc.

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.