13,760 Shares in Sturm, Ruger & Company, Inc. (NYSE:RGR) Purchased by Parvin Asset Management LLC

Parvin Asset Management LLC acquired a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,760 shares of the company's stock, valued at approximately $487,000. Parvin Asset Management LLC owned approximately 0.08% of Sturm, Ruger & Company, Inc. at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Jones Financial Companies Lllp boosted its stake 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 valued at $71,000 after purchasing an additional 495 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Sturm, Ruger & Company, Inc. during the fourth quarter worth about $245,000. Virtu Financial LLC bought a new stake in Sturm, Ruger & Company, Inc. in the third quarter worth about $260,000. Price T Rowe Associates Inc. MD lifted its holdings 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 valued at $291,000 after acquiring an additional 907 shares during the last quarter. Finally, Inceptionr LLC bought a new position in shares of Sturm, Ruger & Company, Inc. during the 4th quarter valued at about $321,000. Institutional investors and hedge funds own 64.00% of the company's stock.

Sturm, Ruger & Company, Inc. Trading Down 2.7 %

Shares of NYSE RGR traded down $0.96 during mid-day trading on Monday, reaching $34.06. The company had a trading volume of 117,919 shares, compared to its average volume of 155,648. The company has a 50-day moving average price of $39.22 and a two-hundred day moving average price of $37.95. The stock has a market cap of $563.78 million, a PE ratio of 19.23 and a beta of 0.22. Sturm, Ruger & Company, Inc. has a 1-year low of $33.75 and a 1-year high of $47.27.

Sturm, Ruger & Company, Inc. (NYSE:RGR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.46 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.19). Sturm, Ruger & Company, Inc. had a return on equity of 9.49% and a net margin of 5.70%. The company had revenue of $135.74 million during the quarter, compared to analysts' expectations of $148.05 million. During the same period in the prior year, the business posted $0.40 EPS. The company's revenue for the quarter was down .8% compared to the same quarter last year. On average, research analysts expect that Sturm, Ruger & Company, Inc. will post 2.31 EPS for the current year.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.18 dividend. The ex-dividend date is Friday, May 16th. This represents a $0.72 annualized dividend and a dividend yield of 2.11%. Sturm, Ruger & Company, Inc.'s dividend payout ratio (DPR) is presently 54.24%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Sturm, Ruger & Company, Inc. from a "buy" rating to a "strong-buy" rating in a report on Monday, February 24th.

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.