Media headlines about Turning Point Brands (NYSE:TPB) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Turning Point Brands earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 44.4441319794082 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- BRIEF-Turning Point Brands Names Robert Lavan CFO (reuters.com)
- Turning Point Brands Names Robert Lavan Chief Financial Officer; Promotes Brian Wigginton to Vice President – Finance, Chief Accounting Officer and Brad Beard to Vice President – Finance, Business Planning (finance.yahoo.com)
- Zacks: Analysts Set $25.00 Target Price for Turning Point Brands Inc (TPB) (americanbankingnews.com)
- Turning Point Brands EPS in-line, beats on revenue (seekingalpha.com)
- Turning Point Brands, Inc. (TPB) Reports In-Line Q4 EPS, Beats on Revenues (streetinsider.com)
Turning Point Brands (TPB) opened at $21.49 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 0.42 and a debt-to-equity ratio of 3.49. The stock has a market cap of $416.28, a price-to-earnings ratio of 20.66 and a beta of 0.47. Turning Point Brands has a 1 year low of $13.30 and a 1 year high of $22.99.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Monday, March 26th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, March 23rd. Turning Point Brands’s payout ratio is currently 3.85%.
Separately, Zacks Investment Research raised shares of Turning Point Brands from a “strong sell” rating to a “hold” rating and set a $24.00 price objective on the stock in a research report on Thursday, January 11th.
In other news, insider James Wells Dobbins sold 10,000 shares of the company’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $20.94, for a total value of $209,400.00. Following the sale, the insider now directly owns 94,041 shares of the company’s stock, valued at approximately $1,969,218.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder General L.P. Standard bought 150,000 shares of Turning Point Brands stock in a transaction dated Wednesday, January 3rd. The stock was acquired at an average cost of $20.80 per share, for a total transaction of $3,120,000.00. Following the completion of the transaction, the insider now directly owns 2,500 shares in the company, valued at $52,000. The disclosure for this purchase can be found here. 14.20% of the stock is currently owned by insiders.
About Turning Point Brands
Turning Point Brands, Inc is an independent provider of Other Tobacco Products (OTP) in the United States. The Company operates in three segments smokeless products, smoking products and NewGen products. The smokeless products segment manufactures and markets moist snuff; and contracts for and markets chewing tobacco products.
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