International Assets Investment Management LLC Boosts Stock Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

International Assets Investment Management LLC lifted its position in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 4,075.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,041 shares of the company’s stock after buying an additional 18,585 shares during the quarter. International Assets Investment Management LLC owned approximately 0.11% of Sturm, Ruger & Company, Inc. worth $794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings 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 valued at $31,000 after buying an additional 257 shares during the period. Palouse Capital Management Inc. purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the 2nd quarter valued at $77,000. Indiana Trust & Investment Management Co purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the 3rd quarter valued at $108,000. Dark Forest Capital Management LP purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the 2nd quarter valued at $221,000. Finally, EntryPoint Capital LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the 1st quarter valued at $228,000. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Price Performance

RGR opened at $41.76 on Wednesday. Sturm, Ruger & Company, Inc. has a 12 month low of $38.13 and a 12 month high of $48.20. The stock has a market capitalization of $701.15 million, a price-to-earnings ratio of 24.14 and a beta of 0.17. The business has a fifty day moving average price of $41.34 and a 200 day moving average price of $42.52.

Sturm, Ruger & Company, Inc. Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $0.44 annualized dividend and a yield of 1.05%. Sturm, Ruger & Company, Inc.’s payout ratio is 43.93%.

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.