Ballentine Partners LLC Makes New Investment in Sturm, Ruger & Company, Inc. $RGR

Key Points

• Ballentine Partners LLC has invested $325,000 in Sturm, Ruger & Company, Inc., acquiring 9,065 shares during the second quarter, representing approximately 0.05% ownership.
• Insider trading activity revealed that Christopher John Killoy, a director, sold 8,776 shares at $40 per share, reducing his holdings by 23.70%.
• Sturm, Ruger recently declared a quarterly dividend of $0.16, with an annualized dividend yield of 1.5%, despite having a high payout ratio of 206.45%.

Ballentine Partners LLC bought a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 9,065 shares of the company's stock, valued at approximately $325,000. Ballentine Partners LLC owned approximately 0.05% of Sturm, Ruger & Company, Inc. as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Sturm, Ruger & Company, Inc. by 748.1% during the 1st quarter. GAMMA Investing LLC now owns 653 shares of the company's stock valued at $26,000 after acquiring an additional 576 shares in the last quarter. Byrne Asset Management LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 115.1% in the first quarter. Byrne Asset Management LLC now owns 968 shares of the company's stock valued at $38,000 after purchasing an additional 518 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 18,642.9% in the first quarter. Parallel Advisors LLC now owns 1,312 shares of the company's stock valued at $52,000 after purchasing an additional 1,305 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Sturm, Ruger & Company, Inc. by 506.1% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,400 shares of the company's stock valued at $55,000 after purchasing an additional 1,169 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Sturm, Ruger & Company, Inc. by 159.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,422 shares of the company's stock worth $56,000 after purchasing an additional 874 shares during the last quarter. Hedge funds and other institutional investors own 64.00% of the company's stock.

Insider Activity

In related news, Director Christopher John Killoy sold 8,776 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $40.00, for a total value of $351,040.00. Following the completion of the transaction, the director directly owned 28,249 shares of the company's stock, valued at approximately $1,129,960. This trade represents a 23.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.60% of the stock is currently owned by company insiders.

Sturm, Ruger & Company, Inc. Price Performance

NYSE:RGR opened at $43.40 on Monday. The company has a market capitalization of $701.28 million, a P/E ratio of 139.99 and a beta of 0.10. The business has a fifty day simple moving average of $35.82 and a two-hundred day simple moving average of $36.80. Sturm, Ruger & Company, Inc. has a 1 year low of $31.64 and a 1 year high of $43.59.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.The firm had revenue of $132.49 million for the quarter, compared to analysts' expectations of $121.99 million. During the same quarter in the prior year, the firm earned $0.47 EPS. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, analysts anticipate 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, August 29th. Stockholders of record on Friday, August 15th were given a $0.16 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $0.64 annualized dividend and a dividend yield of 1.5%. Sturm, Ruger & Company, Inc.'s payout ratio is 206.45%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Sturm, Ruger & Company, Inc. from a "buy" rating to a "hold" rating in a research note on Sunday, June 29th.

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.

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