Paloma Partners Management Co Makes New $280,000 Investment in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Paloma Partners Management Co acquired a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,707 shares of the company’s stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in RGR. Bank of New York Mellon Corp raised its stake in Sturm, Ruger & Company, Inc. by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 207,639 shares of the company’s stock valued at $8,648,000 after acquiring an additional 13,460 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Sturm, Ruger & Company, Inc. by 112.7% in the second quarter. Assenagon Asset Management S.A. now owns 142,729 shares of the company’s stock valued at $5,945,000 after purchasing an additional 75,625 shares during the period. Impala Asset Management LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter worth about $2,228,000. Exchange Traded Concepts LLC boosted its holdings in shares of Sturm, Ruger & Company, Inc. by 10.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 48,740 shares of the company’s stock worth $2,031,000 after buying an additional 4,422 shares during the period. Finally, Deprince Race & Zollo Inc. acquired a new position in Sturm, Ruger & Company, Inc. in the 2nd quarter valued at about $1,984,000. 64.00% of the stock is currently owned by institutional investors.

Sturm, Ruger & Company, Inc. Stock Down 1.1 %

Sturm, Ruger & Company, Inc. stock opened at $37.62 on Friday. The company’s 50-day moving average price is $40.06 and its two-hundred day moving average price is $41.57. The stock has a market cap of $631.64 million, a P/E ratio of 21.75 and a beta of 0.16. Sturm, Ruger & Company, Inc. has a twelve month low of $37.18 and a twelve month high of $48.20.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Wednesday, November 13th. Sturm, Ruger & Company, Inc.’s payout ratio is 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.