Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Sells $17,820.00 in Stock

Sturm, Ruger & Company, Inc. (NYSE:RGR) Director Amir Rosenthal sold 500 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $35.64, for a total value of $17,820.00. Following the completion of the sale, the director now owns 17,054 shares of the company’s stock, valued at $607,804.56. This trade represents a 2.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Sturm, Ruger & Company, Inc. Stock Performance

NYSE:RGR opened at $34.81 on Thursday. The stock has a 50-day simple moving average of $37.31 and a two-hundred day simple moving average of $40.31. The firm has a market capitalization of $584.49 million, a PE ratio of 20.12 and a beta of 0.17. Sturm, Ruger & Company, Inc. has a 52-week low of $34.11 and a 52-week high of $48.20.

Sturm, Ruger & Company, Inc. Cuts Dividend

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

Institutional Investors Weigh In On Sturm, Ruger & Company, Inc.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RGR. Bank of New York Mellon Corp boosted its position in shares of 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 worth $8,648,000 after purchasing an additional 13,460 shares during the period. Rhumbline Advisers boosted its holdings in Sturm, Ruger & Company, Inc. by 15.6% in the 2nd quarter. Rhumbline Advisers now owns 46,685 shares of the company’s stock worth $1,944,000 after buying an additional 6,306 shares during the period. Texas Permanent School Fund Corp boosted its holdings in Sturm, Ruger & Company, Inc. by 33.7% in the 2nd quarter. Texas Permanent School Fund Corp now owns 20,734 shares of the company’s stock worth $864,000 after buying an additional 5,223 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Sturm, Ruger & Company, Inc. in the 2nd quarter worth $552,000. Finally, Palouse Capital Management Inc. bought a new stake in Sturm, Ruger & Company, Inc. during the second quarter valued at about $77,000. 64.00% of the stock is owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates under the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.