Nationwide Fund Advisors cut its stake in shares of Sturm Ruger & Co. (NYSE:RGR) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 28,357 shares of the company’s stock after selling 205 shares during the period. Nationwide Fund Advisors owned about 0.15% of Sturm Ruger & Co. worth $1,815,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP raised its position in shares of Sturm Ruger & Co. by 247.2% in the second quarter. Quantbot Technologies LP now owns 1,795 shares of the company’s stock valued at $114,000 after buying an additional 1,278 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in shares of Sturm Ruger & Co. during the second quarter valued at approximately $133,000. Seven Eight Capital LLC bought a new position in shares of Sturm Ruger & Co. during the first quarter valued at approximately $150,000. Capstone Asset Management Co. bought a new position in shares of Sturm Ruger & Co. during the second quarter valued at approximately $200,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Sturm Ruger & Co. during the first quarter valued at approximately $202,000. Institutional investors own 70.69% of the company’s stock.
Shares of Sturm Ruger & Co. (NYSE:RGR) traded up 0.35% during trading on Friday, reaching $56.90. 94,972 shares of the company’s stock traded hands. Sturm Ruger & Co. has a 1-year low of $48.10 and a 1-year high of $78.09. The company has a 50 day moving average price of $57.70 and a 200 day moving average price of $63.55. The stock has a market capitalization of $1.08 billion, a PE ratio of 14.46 and a beta of 0.90.
Sturm Ruger & Co. (NYSE:RGR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.07. The business had revenue of $167.90 million for the quarter, compared to analyst estimates of $164.30 million. Sturm Ruger & Co. had a return on equity of 32.40% and a net margin of 12.35%. On average, equities analysts forecast that Sturm Ruger & Co. will post $3.78 EPS for the current fiscal year.
In other news, VP Thomas Patrick Sullivan sold 5,000 shares of Sturm Ruger & Co. stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $55.57, for a total value of $277,850.00. Following the transaction, the vice president now directly owns 28,355 shares of the company’s stock, valued at approximately $1,575,687.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by insiders.
About Sturm Ruger & Co.
Sturm, Ruger & Company, Inc and subsidiary, is engaged in the design, manufacture and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols and revolvers to a range of federally licensed, independent wholesale distributors located in the United States.
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