Sturm, Ruger & Company, Inc. (NYSE:RGR) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lessened its stake in shares of Sturm, Ruger & Company, Inc. (NYSE:RGR) by 28.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 22,281 shares of the company’s stock after selling 9,055 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.13% of Sturm, Ruger & Company, Inc. worth $929,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Sturm, Ruger & Company, Inc. by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 2,119,506 shares of the company’s stock valued at $97,815,000 after acquiring an additional 86,532 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Sturm, Ruger & Company, Inc. by 6.9% during the 2nd 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 during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 112.7% in the second quarter. Assenagon Asset Management S.A. now owns 142,729 shares of the company’s stock valued at $5,945,000 after purchasing an additional 75,625 shares in the last quarter. Impala Asset Management LLC purchased a new stake in shares of Sturm, Ruger & Company, Inc. in the second quarter valued at $2,228,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 10.0% in the third quarter. Exchange Traded Concepts LLC now owns 48,740 shares of the company’s stock valued at $2,031,000 after purchasing an additional 4,422 shares in the last quarter. Institutional investors and hedge funds own 64.00% of the company’s stock.

Sturm, Ruger & Company, Inc. Stock Up 0.1 %

RGR opened at $38.03 on Thursday. The stock has a fifty day moving average of $40.57 and a 200-day moving average of $41.77. The firm has a market capitalization of $638.52 million, a P/E ratio of 21.98 and a beta of 0.17. Sturm, Ruger & Company, Inc. has a 12-month low of $37.18 and a 12-month high of $48.20.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were issued a $0.11 dividend. 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 1.16%. Sturm, Ruger & Company, Inc.’s payout ratio is currently 25.43%.

Sturm, Ruger & Company, Inc. Company 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.