Fairfield gunmaker Sturm, Ruger & Co. Inc. says its spent $2 million cash to repurchase 133,400 of its shares on the open market in the first quarter.
The average price was $14.94, the company says.
At March 31, Sturm Ruger says it had $8 million left under its share buyback authorization and 18.9 million of its shares remain outstanding.
