Quest Partners LLC Grows Stock Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Quest Partners LLC increased its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 4,027.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,877 shares of the company’s stock after acquiring an additional 21,347 shares during the period. Quest Partners LLC owned approximately 0.13% of Sturm, Ruger & Company, Inc. worth $912,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Sturm, Ruger & Company, Inc. by 4.3% during the first quarter. Vanguard Group Inc. now owns 2,119,506 shares of the company’s stock worth $97,815,000 after acquiring an additional 86,532 shares during the period. Bank of New York Mellon Corp grew its holdings in 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 worth $8,648,000 after acquiring an additional 13,460 shares during the period. Assenagon Asset Management S.A. grew its holdings in 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 worth $5,945,000 after acquiring an additional 75,625 shares during the period. Impala Asset Management LLC acquired a new position in Sturm, Ruger & Company, Inc. during the second quarter worth $2,228,000. Finally, Exchange Traded Concepts LLC grew its holdings in 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 worth $2,031,000 after acquiring an additional 4,422 shares during the period. Institutional investors and hedge funds own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Stock Performance

Sturm, Ruger & Company, Inc. stock opened at $37.36 on Thursday. The firm has a market capitalization of $627.31 million, a price-to-earnings ratio of 21.60 and a beta of 0.17. Sturm, Ruger & Company, Inc. has a fifty-two week low of $37.25 and a fifty-two week high of $48.20. The stock’s fifty day moving average is $40.98 and its two-hundred day moving average is $42.03.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.18%. The ex-dividend date is Wednesday, November 13th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is 25.43%.

About Sturm, Ruger & Company, Inc.

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.