8,021 Shares in Sturm, Ruger & Company, Inc. $RGR Acquired by PDT Partners LLC

Key Points

• PDT Partners LLC acquired a new stake in Sturm, Ruger & Company, purchasing 8,021 shares valued at approximately $315,000 during the first quarter of the year.
• Several institutional investors, including Cubist Systematic Strategies LLC and State of Wyoming, have significantly increased their positions in Sturm, Ruger, with hedge funds and other institutional investors now owning 64.00% of the stock.
• Sturm, Ruger recently cut its dividend to $0.16 per share, equating to an annualized yield of 1.8% and marking a dividend payout ratio of 206.45%.

PDT Partners LLC acquired a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,021 shares of the company's stock, valued at approximately $315,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Nisa Investment Advisors LLC increased its holdings in Sturm, Ruger & Company, Inc. by 3.1% in the first quarter. Nisa Investment Advisors LLC now owns 11,125 shares of the company's stock valued at $437,000 after buying an additional 337 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sturm, Ruger & Company, Inc. by 4.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,387 shares of the company's stock valued at $332,000 after buying an additional 380 shares in the last quarter. Martingale Asset Management L P increased its holdings in Sturm, Ruger & Company, Inc. by 1.6% in the first quarter. Martingale Asset Management L P now owns 24,046 shares of the company's stock valued at $945,000 after buying an additional 380 shares in the last quarter. Novem Group increased its holdings in Sturm, Ruger & Company, Inc. by 4.7% in the first quarter. Novem Group now owns 9,089 shares of the company's stock valued at $357,000 after buying an additional 406 shares in the last quarter. Finally, US Bancorp DE increased its holdings in Sturm, Ruger & Company, Inc. by 22.1% in the first quarter. US Bancorp DE now owns 2,310 shares of the company's stock valued at $91,000 after buying an additional 418 shares in the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Sturm, Ruger & Company, Inc. Stock Up 2.3%

Shares of RGR traded up $0.84 during trading hours on Thursday, reaching $37.13. 337,207 shares of the company traded hands, compared to its average volume of 161,626. The stock has a market capitalization of $600.05 million, a PE ratio of 119.76 and a beta of 0.10. Sturm, Ruger & Company, Inc. has a fifty-two week low of $31.64 and a fifty-two week high of $42.76. The stock has a fifty day simple moving average of $34.82 and a 200 day simple moving average of $36.81.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. The business had revenue of $132.49 million for the quarter, compared to analyst estimates of $121.99 million. Sturm, Ruger & Company, Inc. had a return on equity of 9.53% and a net margin of 1.07%.The business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. Research analysts predict that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current fiscal year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.16 per share. The ex-dividend date was Friday, August 15th. This represents a $0.64 dividend on an annualized basis and a yield of 1.7%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is 206.45%.

Sturm, Ruger & Company, Inc. Company 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.