Virtu Financial LLC Invests $260,000 in Sturm, Ruger & Company, Inc. (NYSE:RGR)

Virtu Financial LLC acquired a new stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) during the third quarter, according to its most recent filing with the SEC. The firm acquired 6,242 shares of the company’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its stake in shares of Sturm, Ruger & Company, Inc. by 6.9% in the 2nd 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. Impala Asset Management LLC purchased a new position in Sturm, Ruger & Company, Inc. during the second quarter worth about $2,228,000. Weiss Asset Management LP acquired a new stake in Sturm, Ruger & Company, Inc. in the third quarter valued at about $2,065,000. Exchange Traded Concepts LLC boosted its holdings in 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 purchasing an additional 4,422 shares in the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new position in Sturm, Ruger & Company, Inc. during the 2nd quarter worth approximately $1,984,000. 64.00% of the stock is currently owned by hedge funds and other institutional investors.

Sturm, Ruger & Company, Inc. Price Performance

RGR opened at $36.21 on Wednesday. Sturm, Ruger & Company, Inc. has a 12 month low of $35.61 and a 12 month high of $48.20. The stock has a market capitalization of $607.97 million, a P/E ratio of 20.93 and a beta of 0.16. The business has a 50 day simple moving average of $39.31 and a 200-day simple moving average of $41.17.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 13th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Wednesday, November 13th. Sturm, Ruger & Company, Inc.’s dividend payout ratio (DPR) is currently 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.