Graham Capital Management L.P. Makes New Investment in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Graham Capital Management L.P. purchased a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,774 shares of the company's stock, valued at approximately $452,000. Graham Capital Management L.P. owned about 0.08% of Sturm, Ruger & Company, Inc. at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its position in Sturm, Ruger & Company, Inc. by 32.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,018 shares of the company's stock worth $71,000 after acquiring an additional 495 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in Sturm, Ruger & Company, Inc. during the 4th quarter valued at approximately $210,000. Dynamic Technology Lab Private Ltd bought a new stake in Sturm, Ruger & Company, Inc. during the 4th quarter valued at approximately $245,000. Caxton Associates LP acquired a new stake in Sturm, Ruger & Company, Inc. in the 4th quarter valued at approximately $252,000. Finally, Price T Rowe Associates Inc. MD increased its position in Sturm, Ruger & Company, Inc. by 12.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,206 shares of the company's stock worth $291,000 after buying an additional 907 shares during the period. Institutional investors and hedge funds own 64.00% of the company's stock.

Insider Transactions at Sturm, Ruger & Company, Inc.

In other news, Director Phillip Widman acquired 4,000 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were purchased at an average cost of $33.58 per share, for a total transaction of $134,320.00. Following the transaction, the director now owns 31,757 shares of the company's stock, valued at approximately $1,066,400.06. This represents a 14.41% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Timothy Lowney bought 2,200 shares of the stock in a transaction dated Tuesday, May 6th. The stock was purchased at an average cost of $33.37 per share, with a total value of $73,414.00. Following the completion of the purchase, the vice president now directly owns 8,874 shares in the company, valued at approximately $296,125.38. This trade represents a 32.96% increase in their position. The disclosure for this purchase can be found here. 4.60% of the stock is owned by insiders.

Sturm, Ruger & Company, Inc. Price Performance

Shares of Sturm, Ruger & Company, Inc. stock traded down $0.27 during trading on Wednesday, hitting $36.27. 11,997 shares of the company's stock traded hands, compared to its average volume of 157,354. The company has a market cap of $600.47 million, a PE ratio of 20.53 and a beta of 0.20. Sturm, Ruger & Company, Inc. has a twelve month low of $32.74 and a twelve month high of $46.40. The firm's fifty day moving average price is $38.24 and its 200 day moving average price is $37.54.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.19). The company had revenue of $135.74 million during the quarter, compared to the consensus estimate of $148.05 million. Sturm, Ruger & Company, Inc. had a net margin of 5.70% and a return on equity of 9.49%. The company's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 earnings per share. As a group, equities research 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 company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $0.72 annualized dividend and a dividend yield of 1.99%. Sturm, Ruger & Company, Inc.'s dividend payout ratio is presently 39.34%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Sturm, Ruger & Company, Inc. from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 5th.

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.