Sturm Ruger & Company Inc (NYSE:RGR) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 540,100 shares, a decrease of 17.2% from the December 15th total of 652,200 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily volume of 143,400 shares, the short-interest ratio is presently 3.8 days.
In other news, VP Shawn Christopher Leska sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $46.28, for a total value of $69,420.00. Following the sale, the vice president now directly owns 17,226 shares in the company, valued at approximately $797,219.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc grew its position in Sturm Ruger & Company Inc by 49.4% during the 3rd quarter. NEXT Financial Group Inc now owns 1,059 shares of the company’s stock worth $44,000 after acquiring an additional 350 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Sturm Ruger & Company Inc by 314.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,144 shares of the company’s stock worth $48,000 after acquiring an additional 868 shares during the last quarter. Doyle Wealth Management bought a new stake in Sturm Ruger & Company Inc during the 2nd quarter worth approximately $49,000. Bank of Montreal Can grew its position in Sturm Ruger & Company Inc by 89.4% during the 2nd quarter. Bank of Montreal Can now owns 2,712 shares of the company’s stock worth $148,000 after acquiring an additional 1,280 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in Sturm Ruger & Company Inc during the 2nd quarter worth approximately $281,000. Institutional investors and hedge funds own 72.44% of the company’s stock.
Shares of RGR stock traded up $0.66 during trading hours on Tuesday, hitting $50.16. The company had a trading volume of 124,569 shares, compared to its average volume of 124,341. Sturm Ruger & Company Inc has a 12 month low of $39.31 and a 12 month high of $60.01. The firm has a market capitalization of $864.71 million, a price-to-earnings ratio of 23.74 and a beta of 0.53. The firm’s fifty day moving average is $46.80 and its 200 day moving average is $46.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.04 and a current ratio of 4.72.
Sturm Ruger & Company Inc (NYSE:RGR) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.27 earnings per share for the quarter. The company had revenue of $95.00 million for the quarter. Sturm Ruger & Company Inc had a return on equity of 13.32% and a net margin of 8.52%.
Sturm Ruger & Company Inc Company Profile
Sturm, Ruger & Company, Inc designs, manufactures, and sells firearms under the Ruger name and trademark in the United States. It operates in two segments, Firearms and Castings. It offers single-shot, autoloading, bolt-action, and sporting rifles; rimfire and centerfire autoloading pistols; single-action and double-action revolvers; and firearms accessories and replacement parts.
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