GAMMA Investing LLC Boosts Holdings in Sturm, Ruger & Company, Inc. (NYSE:RGR)

GAMMA Investing LLC raised its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) by 33,219.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,656 shares of the company's stock after buying an additional 25,579 shares during the quarter. GAMMA Investing LLC owned about 0.15% of Sturm, Ruger & Company, Inc. worth $1,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in Sturm, Ruger & Company, Inc. by 71.7% during the 4th quarter. Wellington Management Group LLP now owns 411,918 shares of the company's stock valued at $14,570,000 after buying an additional 172,055 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Sturm, Ruger & Company, Inc. by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 381,193 shares of the company's stock worth $13,487,000 after buying an additional 2,466 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Sturm, Ruger & Company, Inc. by 12.6% during the 4th quarter. Bank of New York Mellon Corp now owns 202,841 shares of the company's stock worth $7,174,000 after acquiring an additional 22,736 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Sturm, Ruger & Company, Inc. by 14.0% in the fourth quarter. Northern Trust Corp now owns 184,831 shares of the company's stock worth $6,537,000 after purchasing an additional 22,670 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Sturm, Ruger & Company, Inc. by 119.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 177,660 shares of the company's stock worth $6,284,000 after acquiring an additional 96,703 shares in the last quarter. Institutional investors own 64.00% of the company's stock.

Insider Transactions at Sturm, Ruger & Company, Inc.

In other news, Director Christopher John Killoy sold 8,583 shares of Sturm, Ruger & Company, Inc. stock in a transaction on Monday, June 9th. The stock was sold at an average price of $37.01, for a total value of $317,656.83. Following the completion of the sale, the director now directly owns 41,559 shares of the company's stock, valued at approximately $1,538,098.59. The trade was a 17.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Timothy Lowney acquired 2,200 shares of Sturm, Ruger & Company, Inc. stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average price of $33.37 per share, for a total transaction of $73,414.00. Following the completion of the acquisition, the vice president now directly owns 8,874 shares in the company, valued at approximately $296,125.38. This represents a 32.96% increase in their position. The disclosure for this purchase can be found here. Insiders own 4.60% of the company's stock.

Sturm, Ruger & Company, Inc. Price Performance

NYSE RGR traded down $0.77 during trading on Friday, hitting $36.97. The company's stock had a trading volume of 180,247 shares, compared to its average volume of 161,297. The company has a market cap of $611.96 million, a PE ratio of 20.29 and a beta of 0.11. The business's 50 day simple moving average is $37.14 and its 200-day simple moving average is $37.17. Sturm, Ruger & Company, Inc. has a fifty-two week low of $32.74 and a fifty-two week high of $46.40.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.65 by ($0.19). The firm had revenue of $135.74 million during the quarter, compared to analysts' expectations of $148.05 million. Sturm, Ruger & Company, Inc. had a net margin of 5.84% and a return on equity of 9.78%. Sturm, Ruger & Company, Inc.'s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.40 EPS. Analysts expect 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, May 30th. Stockholders of record on Friday, May 16th were given a $0.18 dividend. The ex-dividend date was Friday, May 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.95%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is presently 39.34%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Sturm, Ruger & Company, Inc. from a "hold" rating to a "buy" rating in a research report on Friday, May 30th.

About Sturm, Ruger & Company, Inc.

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.