Aigen Investment Management LP Grows Stock Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Aigen Investment Management LP grew its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 7.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,510 shares of the company’s stock after acquiring an additional 527 shares during the quarter. Aigen Investment Management LP’s holdings in Sturm, Ruger & Company, Inc. were worth $313,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Sturm, Ruger & Company, Inc. by 53.8% during the 3rd quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock worth $31,000 after buying an additional 257 shares during the last quarter. Palouse Capital Management Inc. purchased a new stake in Sturm, Ruger & Company, Inc. during the second quarter valued at about $77,000. Indiana Trust & Investment Management Co acquired a new stake in Sturm, Ruger & Company, Inc. during the third quarter worth about $108,000. Dark Forest Capital Management LP purchased a new position in shares of Sturm, Ruger & Company, Inc. in the 2nd quarter worth about $221,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Sturm, Ruger & Company, Inc. in the 1st quarter worth about $228,000. 64.00% of the stock is currently owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE:RGR opened at $38.40 on Friday. The stock has a 50-day simple moving average of $41.14 and a 200-day simple moving average of $42.27. The stock has a market capitalization of $644.65 million, a P/E ratio of 22.13 and a beta of 0.17. Sturm, Ruger & Company, Inc. has a 1 year low of $37.96 and a 1 year high of $48.20.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Wednesday, November 13th. Sturm, Ruger & Company, Inc.’s payout ratio is currently 25.43%.

Sturm, Ruger & Company, Inc. 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.