Sturm, Ruger & Company, Inc. (NYSE:RGR) Sees Significant Decrease in Short Interest

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

Sturm, Ruger & Company, Inc. Trading Down 0.7 %

Shares of NYSE RGR traded down $0.25 during trading hours on Friday, reaching $35.70. The stock had a trading volume of 103,483 shares, compared to its average volume of 124,489. The firm has a market cap of $599.32 million, a price-to-earnings ratio of 20.63 and a beta of 0.17. Sturm, Ruger & Company, Inc. has a fifty-two week low of $34.11 and a fifty-two week high of $48.20. The firm has a 50-day moving average of $36.59 and a 200-day moving average of $40.02.

Sturm, Ruger & Company, Inc. Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 13th were given a $0.11 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.23%. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is presently 25.43%.

Institutional Trading of Sturm, Ruger & Company, Inc.

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 53.8% in the 3rd quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock valued at $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. in the 2nd quarter valued at about $77,000. FMR LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 127.6% in the 3rd quarter. FMR LLC now owns 2,572 shares of the company’s stock valued at $107,000 after purchasing an additional 1,442 shares during the period. Indiana Trust & Investment Management Co acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 3rd quarter valued at about $108,000. Finally, Dark Forest Capital Management LP purchased a new stake in Sturm, Ruger & Company, Inc. during the 2nd quarter valued at approximately $221,000. 64.00% of the stock is owned by institutional investors and hedge funds.

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.