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:RGRFree Report) 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

(Free Report)

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.

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Institutional Ownership by Quarter for Sturm, Ruger & Company, Inc. (NYSE:RGR)

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