Turning Point Brands, Inc. (NYSE:TPB) Shares Acquired by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC increased its position in shares of Turning Point Brands, Inc. (NYSE:TPB) by 26.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,580 shares of the company’s stock after purchasing an additional 2,659 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Turning Point Brands were worth $331,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Mackenzie Financial Corp acquired a new stake in shares of Turning Point Brands in the third quarter valued at about $204,000. Jump Financial LLC purchased a new position in Turning Point Brands in the 3rd quarter valued at approximately $296,000. Quadrature Capital Ltd raised its holdings in Turning Point Brands by 7.4% during the third quarter. Quadrature Capital Ltd now owns 14,899 shares of the company’s stock worth $344,000 after purchasing an additional 1,026 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in Turning Point Brands during the fourth quarter worth $422,000. Finally, Citigroup Inc. boosted its position in Turning Point Brands by 40.8% during the third quarter. Citigroup Inc. now owns 22,126 shares of the company’s stock worth $511,000 after purchasing an additional 6,410 shares in the last quarter. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Insider Transactions at Turning Point Brands

In related news, insider Plano Lorenzo De acquired 15,043 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $27.97 per share, for a total transaction of $420,752.71. Following the transaction, the insider now owns 31,375 shares in the company, valued at approximately $877,558.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.20% of the company’s stock.

Turning Point Brands Trading Up 1.7 %

Shares of TPB stock opened at $28.24 on Friday. Turning Point Brands, Inc. has a fifty-two week low of $19.67 and a fifty-two week high of $29.86. The company has a quick ratio of 1.68, a current ratio of 2.67 and a debt-to-equity ratio of 2.02. The business has a fifty day simple moving average of $27.01 and a 200-day simple moving average of $24.76. The stock has a market cap of $499.28 million, a P/E ratio of 13.78 and a beta of 0.48.

Turning Point Brands (NYSE:TPB) last announced its earnings results on Wednesday, February 28th. The company reported $0.72 earnings per share (EPS) for the quarter. Turning Point Brands had a net margin of 9.49% and a return on equity of 38.62%. The company had revenue of $97.10 million during the quarter, compared to analysts’ expectations of $90.11 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year.

Turning Point Brands Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 22nd were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from Turning Point Brands’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, March 21st. Turning Point Brands’s payout ratio is 13.66%.

Turning Point Brands Profile

Turning Point Brands, Inc, together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand.