Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 33,219.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,656 shares of the company’s stock after purchasing an additional 25,579 shares during the period. GAMMA Investing LLC owned approximately 0.15% of Sturm, Ruger & Company, Inc. worth $1,008,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of RGR. Point72 Asia Singapore Pte. Ltd. grew its holdings in Sturm, Ruger & Company, Inc. by 351.0% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,655 shares of the company’s stock worth $59,000 after acquiring an additional 1,288 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Sturm, Ruger & Company, Inc. by 32.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company’s stock valued at $71,000 after acquiring an additional 495 shares in the last quarter. iSAM Funds UK Ltd purchased a new position in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at approximately $209,000. Brevan Howard Capital Management LP acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at approximately $210,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the fourth quarter valued at approximately $245,000. 64.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Sturm, Ruger & Company, Inc.

In other Sturm, Ruger & Company, Inc. news, Director Phillip Widman bought 4,000 shares of the company’s stock in a transaction on Tuesday, May 6th. The shares were bought at an average price of $33.58 per share, for a total transaction of $134,320.00. Following the transaction, the director now owns 31,757 shares of the company’s stock, valued at approximately $1,066,400.06. This trade represents a 14.41% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Timothy Lowney purchased 2,200 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was purchased at an average price of $33.37 per share, for a total transaction of $73,414.00. Following the acquisition, the vice president now owns 8,874 shares in the company, valued at approximately $296,125.38. This trade represents a 32.96% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 4.60% of the company’s stock.

Sturm, Ruger & Company, Inc. Trading Up 0.2%

Shares of NYSE RGR opened at $37.64 on Tuesday. Sturm, Ruger & Company, Inc. has a twelve month low of $32.74 and a twelve month high of $46.40. The stock has a fifty day simple moving average of $37.18 and a 200-day simple moving average of $37.17. The stock has a market capitalization of $623.06 million, a PE ratio of 21.26 and a beta of 0.11.

Sturm, Ruger & Company, Inc. (NYSE:RGR) last released its earnings results on Wednesday, April 30th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The company had revenue of $135.74 million for the quarter, compared to analyst estimates of $148.05 million. During the same period in the previous year, the firm earned $0.40 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 earnings per share for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Friday, May 16th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is 39.34%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Sturm, Ruger & Company, Inc. from a “hold” rating to a “buy” rating in a research note on Friday, May 30th.

Sturm, Ruger & Company, Inc. Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates through 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.