BNP Paribas Financial Markets Trims Position in Sturm, Ruger & Company, Inc. (NYSE:RGR)

BNP Paribas Financial Markets lessened its holdings in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 60.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,693 shares of the company’s stock after selling 13,061 shares during the quarter. BNP Paribas Financial Markets’ holdings in Sturm, Ruger & Company, Inc. were worth $362,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RGR. GAMMA Investing LLC lifted its stake in shares of Sturm, Ruger & Company, Inc. by 53.8% during the 3rd quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock worth $31,000 after purchasing an additional 257 shares during the period. Palouse Capital Management Inc. acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter worth $77,000. FMR LLC increased its holdings in shares of Sturm, Ruger & Company, Inc. by 127.6% during the 3rd quarter. FMR LLC now owns 2,572 shares of the company’s stock worth $107,000 after buying an additional 1,442 shares during the last quarter. Indiana Trust & Investment Management Co acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter worth $108,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter worth $221,000. Hedge funds and other institutional investors own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Stock Down 0.6 %

RGR stock opened at $36.38 on Friday. The company has a market cap of $610.86 million, a price-to-earnings ratio of 21.03 and a beta of 0.16. The business has a fifty day simple moving average of $39.50 and a 200-day simple moving average of $41.29. Sturm, Ruger & Company, Inc. has a 52 week low of $35.61 and a 52 week high of $48.20.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.21%. Sturm, Ruger & Company, Inc.’s payout ratio is 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.