Sturm, Ruger & Company, Inc. (NYSE:RGR) Sets New 12-Month Low – What’s Next?

Sturm, Ruger & Company, Inc. (NYSE:RGR) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $35.53 and last traded at $35.68, with a volume of 113655 shares. The stock had previously closed at $36.21.

Sturm, Ruger & Company, Inc. Stock Down 1.7 %

The firm has a 50-day simple moving average of $39.31 and a 200 day simple moving average of $41.17. The company has a market cap of $597.39 million, a price-to-earnings ratio of 20.57 and a beta of 0.16.

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 was Wednesday, November 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.24%. Sturm, Ruger & Company, Inc.’s payout ratio is 25.43%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rule One Partners LLC purchased a new stake in Sturm, Ruger & Company, Inc. during the 3rd quarter valued at approximately $9,142,000. Virtu Financial LLC acquired a new stake in shares of Sturm, Ruger & Company, Inc. in the 3rd quarter worth $260,000. Weiss Asset Management LP purchased a new stake in Sturm, Ruger & Company, Inc. in the 3rd quarter valued at approximately $2,065,000. HighTower Advisors LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 9.2% in the 3rd quarter. HighTower Advisors LLC now owns 10,162 shares of the company’s stock valued at $432,000 after buying an additional 854 shares during the period. Finally, Centiva Capital LP purchased a new position in Sturm, Ruger & Company, Inc. in the third quarter worth $319,000. Hedge funds and other institutional investors own 64.00% of the company’s stock.

About Sturm, Ruger & Company, Inc.

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.