Tributary Capital Management LLC Has $8.37 Million Holdings in Sturm Ruger & Company Inc (RGR)

Tributary Capital Management LLC lessened its holdings in Sturm Ruger & Company Inc (NYSE:RGR) by 38.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,215 shares of the company’s stock after selling 74,529 shares during the quarter. Tributary Capital Management LLC’s holdings in Sturm Ruger & Company Inc were worth $8,370,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. WP Advisors LLC bought a new stake in Sturm Ruger & Company Inc in the 2nd quarter valued at $165,000. Itau Unibanco Holding S.A. bought a new stake in Sturm Ruger & Company Inc in the 2nd quarter valued at $187,000. Laurion Capital Management LP bought a new stake in Sturm Ruger & Company Inc in the 2nd quarter valued at $201,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Sturm Ruger & Company Inc in the 2nd quarter valued at $207,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Sturm Ruger & Company Inc in the 2nd quarter valued at $208,000. 89.57% of the stock is currently owned by hedge funds and other institutional investors.

RGR opened at $66.12 on Wednesday. Sturm Ruger & Company Inc has a twelve month low of $43.00 and a twelve month high of $70.00. The stock has a market capitalization of $1.21 billion, a PE ratio of 22.96 and a beta of -0.04.

Sturm Ruger & Company Inc (NYSE:RGR) last posted its earnings results on Wednesday, August 1st. The company reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.03. Sturm Ruger & Company Inc had a net margin of 10.19% and a return on equity of 20.69%. The business had revenue of $128.41 million for the quarter, compared to analyst estimates of $133.20 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. On average, research analysts expect that Sturm Ruger & Company Inc will post 3.6 earnings per share for the current year.

In other news, Director Amir Rosenthal sold 3,500 shares of the company’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $65.00, for a total value of $227,500.00. Following the sale, the director now owns 11,974 shares of the company’s stock, valued at approximately $778,310. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.60% of the stock is currently owned by corporate insiders.

Several brokerages have issued reports on RGR. Zacks Investment Research raised shares of Sturm Ruger & Company Inc from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. ValuEngine raised shares of Sturm Ruger & Company Inc from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th.

About Sturm Ruger & Company Inc

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. The company 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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Institutional Ownership by Quarter for Sturm Ruger & Company Inc (NYSE:RGR)

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