Morgan Dempsey Capital Management Lowers stake in Sturm Ruger & Company (RGR)

Sturm Ruger & Company (RGR) : Morgan Dempsey Capital Management reduced its stake in Sturm Ruger & Company by 7.07% during the most recent quarter end. The investment management company now holds a total of 233,145 shares of Sturm Ruger & Company which is valued at $15,163,751 after selling 17,744 shares in Sturm Ruger & Company , the firm said in a disclosure report filed with the SEC on May 9, 2016.Sturm Ruger & Company makes up approximately 5.55% of Morgan Dempsey Capital Management’s portfolio.

Other Hedge Funds, Including , Cowen Prime Services added RGR to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $13,008. Sturm Ruger & Company makes up approx 0.01% of Cowen Prime Services’s portfolio.Numeric Investors boosted its stake in RGR in the latest quarter, The investment management firm added 45,200 additional shares and now holds a total of 48,800 shares of Sturm Ruger & Company which is valued at $3,207,136. Sturm Ruger & Company makes up approx 0.03% of Numeric Investors’s portfolio. Whittier Trust Co added RGR to its portfolio by purchasing 500 company shares during the most recent quarter which is valued at $32,015.

Sturm Ruger & Company closed down -0.91 points or -1.38% at $65.04 with 1,16,038 shares getting traded on Friday. Post opening the session at $65.95, the shares hit an intraday low of $64.8 and an intraday high of $66.33 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Sturm Ruger & Company reported $1.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.25 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.96. The company had revenue of $173.10 million for the quarter, compared to analysts expectations of $147.42 million. The company’s revenue was up 26.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

Many Wall Street Analysts have commented on Sturm Ruger & Company. Company shares were Reiterated by Dougherty & Company on Feb 25, 2016 to “Buy”, Firm has raised the Price Target to $ 68 from a previous price target of $61 .

Sturm Ruger & Company Inc. is engaged in the design manufacture and sale of firearms to domestic customers. The Company has two reportable segments: firearms and castings. The firearms segment manufactures and sells rifles pistols revolvers and shotguns principally to a number of federally-licensed independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding (MIM) parts. The Company offers products in four industry product categories rifles pistols shotguns and revolvers. The Company’s firearms are sold through independent wholesale distributors principally to the commercial sporting market.

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