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

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RGR. GAMMA Investing LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 53.8% during the 3rd quarter. GAMMA Investing LLC now owns 735 shares of the company’s stock worth $31,000 after acquiring an additional 257 shares in the last quarter. Palouse Capital Management Inc. acquired a new position in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter worth about $77,000. FMR LLC boosted its position in shares of Sturm, Ruger & Company, Inc. by 127.6% during the 3rd quarter. FMR LLC now owns 2,572 shares of the company’s stock worth $107,000 after acquiring an additional 1,442 shares in the last quarter. Indiana Trust & Investment Management Co acquired a new position in shares of Sturm, Ruger & Company, Inc. during the 3rd quarter worth about $108,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Sturm, Ruger & Company, Inc. during the 2nd quarter worth about $221,000. 64.00% of the stock is owned by institutional investors and hedge funds.

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

RGR traded down $0.25 on Friday, hitting $35.70. 103,483 shares of the company were exchanged, compared to its average volume of 124,489. The firm has a 50-day moving average price of $36.59 and a two-hundred day moving average price of $40.02. The company 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 twelve month low of $34.11 and a twelve month high of $48.20.

Sturm, Ruger & Company, Inc. Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $0.44 annualized dividend and a dividend yield of 1.23%. Sturm, Ruger & Company, Inc.’s dividend payout ratio is currently 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.