Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,002 shares of the company’s stock after selling 296 shares during the period. Amalgamated Bank’s holdings in Sturm, Ruger & Company, Inc. were worth $208,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Sturm, Ruger & Company, Inc. by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 2,119,506 shares of the company’s stock valued at $97,815,000 after purchasing an additional 86,532 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Sturm, Ruger & Company, Inc. by 6.9% during the second quarter. Bank of New York Mellon Corp now owns 207,639 shares of the company’s stock valued at $8,648,000 after acquiring an additional 13,460 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Sturm, Ruger & Company, Inc. by 112.7% during the second quarter. Assenagon Asset Management S.A. now owns 142,729 shares of the company’s stock valued at $5,945,000 after acquiring an additional 75,625 shares in the last quarter. Impala Asset Management LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the second quarter valued at about $2,228,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of Sturm, Ruger & Company, Inc. by 10.0% during the third quarter. Exchange Traded Concepts LLC now owns 48,740 shares of the company’s stock valued at $2,031,000 after acquiring an additional 4,422 shares in the last quarter. 64.00% of the stock is currently owned by institutional investors and hedge funds.

Sturm, Ruger & Company, Inc. Price Performance

Shares of Sturm, Ruger & Company, Inc. stock opened at $38.39 on Monday. The business has a 50-day moving average of $41.08 and a 200-day moving average of $42.19. The company has a market capitalization of $644.57 million, a PE ratio of 22.19 and a beta of 0.17. Sturm, Ruger & Company, Inc. has a 1-year low of $37.96 and a 1-year high of $48.20.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, November 13th. This represents a $0.44 annualized dividend and a dividend yield of 1.15%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is presently 25.43%.

Sturm, Ruger & Company, Inc. Profile

Sturm, Ruger & Company, Inc, together with its subsidiaries, designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. The company operates through two segments: Firearms and Castings. It provides single-shot, autoloading, bolt-action, and modern sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts, as well as manufactures lever-action rifles under the Marlin name and trademark.