Palouse Capital Management Inc. Sells 675 Shares of Sturm, Ruger & Company, Inc. (NYSE:RGR)

Palouse Capital Management Inc. trimmed its stake in Sturm, Ruger & Company, Inc. (NYSE:RGR) by 36.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,176 shares of the company’s stock after selling 675 shares during the quarter. Palouse Capital Management Inc.’s holdings in Sturm, Ruger & Company, Inc. were worth $42,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Rhumbline Advisers boosted its holdings in Sturm, Ruger & Company, Inc. by 4.5% in the fourth quarter. Rhumbline Advisers now owns 44,956 shares of the company’s stock worth $1,590,000 after acquiring an additional 1,918 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 323,785.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 22,672 shares of the company’s stock valued at $802,000 after purchasing an additional 22,665 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 5.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 51,473 shares of the company’s stock valued at $1,821,000 after purchasing an additional 2,733 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Sturm, Ruger & Company, Inc. by 11.9% during the third quarter. JPMorgan Chase & Co. now owns 60,859 shares of the company’s stock valued at $2,537,000 after purchasing an additional 6,483 shares in the last quarter. Finally, Rule One Partners LLC bought a new position in shares of Sturm, Ruger & Company, Inc. during the third quarter valued at $9,142,000. 64.00% of the stock is owned by institutional investors.

Sturm, Ruger & Company, Inc. Price Performance

Shares of NYSE:RGR opened at $35.51 on Friday. The company has a market cap of $596.13 million, a P/E ratio of 20.52 and a beta of 0.18. Sturm, Ruger & Company, Inc. has a 1 year low of $34.11 and a 1 year high of $48.20. The stock’s fifty day moving average price is $35.61 and its 200-day moving average price is $38.98.

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.