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 shares were sold at an average price of $35.64, for a total value of $17,820.00. Following the transaction, the director now owns 17,054 shares in the company, valued at approximately $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 accessible through this hyperlink.

Sturm, Ruger & Company, Inc. Stock Performance

Shares of NYSE RGR traded down $0.24 during mid-day trading on Monday, reaching $34.88. 142,671 shares of the company traded hands, compared to its average volume of 126,790. The company’s fifty day moving average is $37.68 and its two-hundred day moving average is $40.45. Sturm, Ruger & Company, Inc. has a fifty-two week low of $34.14 and a fifty-two week high of $48.20. The stock has a market cap of $585.67 million, a PE ratio of 20.16 and a beta of 0.17.

Sturm, Ruger & Company, Inc. Cuts Dividend

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

Institutional Trading of Sturm, Ruger & Company, Inc.

A number of institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Sturm, Ruger & Company, Inc. by 53.8% in the 3rd quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock worth $31,000 after acquiring an additional 257 shares during the period. Palouse Capital Management Inc. acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the second quarter valued at about $77,000. FMR LLC increased its stake in shares of Sturm, Ruger & Company, Inc. by 127.6% in the third quarter. FMR LLC now owns 2,572 shares of the company’s stock worth $107,000 after purchasing an additional 1,442 shares during the period. Indiana Trust & Investment Management Co bought a new position in shares of Sturm, Ruger & Company, Inc. in the third quarter worth about $108,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter worth about $221,000. 64.00% of the stock is currently 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.