Sturm, Ruger & Company, Inc. Announces the Repurchase of 412,000 Shares of its Common Stock in the Third Quarter of 2010
October 05, 2010
Sturm, Ruger & Company, Inc. (NYSE: RGR), today announced that during the third quarter of 2010 the Company repurchased 412,000 shares of its common stock for $5.7 million in the open market. The average price per share repurchased was $13.83.

These repurchased shares represent 2.1% of the outstanding shares as of the beginning of the third quarter of 2010. These repurchases were funded with cash on hand.

At the end of the third quarter of 2010, $4.3 million remains authorized and available for share repurchases and 18.8 million shares remain outstanding.

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