Turning Point Brands, Inc. $TPB Shares Bought by 4D Advisors LLC

4D Advisors LLC raised its holdings in Turning Point Brands, Inc. (NYSE:TPB) by 15.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 115,000 shares of the company’s stock after acquiring an additional 15,000 shares during the period. Turning Point Brands accounts for about 6.8% of 4D Advisors LLC’s holdings, making the stock its biggest position. 4D Advisors LLC’s holdings in Turning Point Brands were worth $12,466,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Turning Point Brands by 4.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,198 shares of the company’s stock worth $606,000 after buying an additional 459 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Turning Point Brands by 1,428.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,586 shares of the company’s stock worth $347,000 after buying an additional 4,286 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Turning Point Brands by 150.8% during the 2nd quarter. First Trust Advisors LP now owns 141,995 shares of the company’s stock worth $10,759,000 after buying an additional 85,378 shares during the last quarter. Baird Financial Group Inc. acquired a new stake in shares of Turning Point Brands during the 2nd quarter worth $220,000. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Turning Point Brands by 21.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 182,812 shares of the company’s stock worth $13,852,000 after buying an additional 32,109 shares during the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TPB has been the subject of a number of research analyst reports. Zacks Research downgraded Turning Point Brands from a “hold” rating to a “strong sell” rating in a report on Monday, March 2nd. Needham & Company LLC upgraded Turning Point Brands from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Friday, May 8th. Weiss Ratings downgraded Turning Point Brands from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Finally, Wall Street Zen raised shares of Turning Point Brands from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 6th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $118.75.

Insiders Place Their Bets

In related news, CAO Brian Wigginton sold 4,000 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $91.67, for a total transaction of $366,680.00. Following the sale, the chief accounting officer owned 9,230 shares in the company, valued at $846,114.10. This represents a 30.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.40% of the stock is currently owned by company insiders.

Turning Point Brands Stock Performance

NYSE:TPB opened at $79.55 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.87 and a quick ratio of 4.05. The firm has a 50-day moving average of $83.78 and a two-hundred day moving average of $99.67. The stock has a market cap of $1.54 billion, a P/E ratio of 27.06 and a beta of 0.92. Turning Point Brands, Inc. has a 1-year low of $65.80 and a 1-year high of $146.90.

Turning Point Brands (NYSE:TPB) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. Turning Point Brands had a net margin of 11.53% and a return on equity of 16.54%. The company had revenue of $124.28 million during the quarter, compared to analysts’ expectations of $115.67 million. During the same period in the prior year, the company posted $0.91 EPS. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, research analysts expect that Turning Point Brands, Inc. will post 1.43 earnings per share for the current fiscal year.

Turning Point Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Friday, June 19th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Turning Point Brands’s dividend payout ratio (DPR) is presently 10.88%.

Turning Point Brands Company Profile

Turning Point Brands, Inc (NYSE: TPB) is a U.S.-based consumer products company focused on the manufacture, marketing and distribution of smokeless tobacco, vaping and cigar products. Headquartered in Old Hickory, Tennessee, the company serves retail outlets across all 50 states through a direct-store-delivery network and select third-party distributors. Turning Point Brands operates two reporting segments—Smokeless Products and Cigar—and leverages its logistics capabilities to offer a broad portfolio of brands and SKUs.

In its Smokeless Products segment, Turning Point Brands produces moist smokeless tobacco under leading brand names such as Grizzly, Kodiak and Stoker’s.