Sturm, Ruger & Company, Inc. (NYSE:RGR) Short Interest Update

Sturm, Ruger & Company, Inc. (NYSE:RGR) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totalling 553,000 shares, a drop of 23.8% from the December 15th total of 725,900 shares. Based on an average daily volume of 180,000 shares, the short-interest ratio is currently 3.1 days. Approximately 3.4% of the shares of the stock are short sold.

Hedge Funds Weigh In On Sturm, Ruger & Company, Inc.

A number of hedge funds and other institutional investors have recently bought and sold shares of RGR. Rule One Partners LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. in the 3rd quarter valued at $9,142,000. JPMorgan Chase & Co. lifted its stake in Sturm, Ruger & Company, Inc. by 11.9% in the third quarter. JPMorgan Chase & Co. now owns 60,859 shares of the company’s stock valued at $2,537,000 after buying an additional 6,483 shares during the period. Impala Asset Management LLC acquired a new position in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter worth about $2,228,000. Weiss Asset Management LP bought a new stake in shares of Sturm, Ruger & Company, Inc. in the 3rd quarter valued at about $2,065,000. Finally, Exchange Traded Concepts LLC raised its position in shares of Sturm, Ruger & Company, Inc. by 10.0% in the 3rd 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 during the period. 64.00% of the stock is owned by institutional investors.

Sturm, Ruger & Company, Inc. Trading Down 0.1 %

Shares of Sturm, Ruger & Company, Inc. stock traded down $0.04 during trading on Wednesday, reaching $35.61. The company’s stock had a trading volume of 100,338 shares, compared to its average volume of 129,871. Sturm, Ruger & Company, Inc. has a one year low of $34.11 and a one year high of $48.20. The stock has a 50-day moving average price of $36.90 and a two-hundred day moving average price of $40.12. The stock has a market capitalization of $597.93 million, a P/E ratio of 20.58 and a beta of 0.17.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Wednesday, November 13th. Sturm, Ruger & Company, Inc.’s dividend payout ratio is 25.43%.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates under 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.