BlackRock discloses 1.3M Sturm Ruger (NYSE: RGR) shares in 13G/A
Rhea-AI Filing Summary
BlackRock, Inc. has filed an amended Schedule 13G reporting beneficial ownership of 1,300,706 shares of STURM RUGER & CO INC common stock, representing 8.2% of the class as of the specified date. BlackRock reports sole voting power over 1,269,576 shares and sole dispositive power over 1,300,706 shares, with no shared voting or dispositive power.
The filing explains that these shares are held across certain BlackRock business units in the ordinary course of business, and that various underlying persons have rights to dividends or sale proceeds, with no single person holding more than five percent of the outstanding common shares. BlackRock also certifies that the position is not held for the purpose of changing or influencing control of Sturm Ruger.
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FAQ
What percentage of Sturm Rugers common stock does BlackRock hold according to the filing for RGR?
BlackRock states that the 1,300,706 shares it beneficially owns represent 8.2% of the outstanding common stock of STURM RUGER & CO INC.
Is BlackRocks ownership in Sturm Ruger (RGR) intended to influence control of the company?
No. BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of STURM RUGER & CO INC.
What type of reporting person is BlackRock in this RGR Schedule 13G/A?
BlackRock identifies itself as a "HC" (holding company) type of reporting person in the ownership cover information.