25,804 Shares in Tootsie Roll Industries, Inc. $TR Acquired by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP acquired 25,804 shares of Tootsie Roll Industries in the second quarter, valued at approximately $1.02 million. Institutional investors and hedge funds collectively own 14.28% of the company.
• Tootsie Roll reported quarterly revenue of $154.22 million and earnings of $0.18 per share, with a 13.14% net margin and 10.16% return on equity.
• The company maintains a quarterly dividend of $0.09, or $0.36 annually, yielding about 0.9%. Analysts have a consensus “Hold” rating, while shares recently traded at $40.25.

GSA Capital Partners LLP bought a new position in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,804 shares of the company's stock, valued at approximately $1,021,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Robertson Stephens Wealth Management LLC acquired a new stake in shares of Tootsie Roll Industries in the fourth quarter worth $935,000. Hussman Strategic Advisors Inc. acquired a new position in Tootsie Roll Industries in the 4th quarter valued at $3,077,000. Vanguard Group Inc. grew its stake in Tootsie Roll Industries by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 2,164,370 shares of the company's stock valued at $79,281,000 after buying an additional 37,493 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Tootsie Roll Industries by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,152,714 shares of the company's stock worth $49,245,000 after acquiring an additional 26,653 shares during the period. Finally, Sargent Investment Group LLC bought a new position in Tootsie Roll Industries in the 4th quarter worth $534,000. Institutional investors and hedge funds own 14.28% of the company's stock.

Tootsie Roll Industries Trading Down 1.6%

Shares of Tootsie Roll Industries stock opened at $40.25 on Tuesday. Tootsie Roll Industries, Inc. has a 1 year low of $34.44 and a 1 year high of $45.06. The company's fifty day simple moving average is $38.84 and its 200-day simple moving average is $40.37. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 31.35 and a beta of 0.39.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. Tootsie Roll Industries had a net margin of 13.14% and a return on equity of 10.16%. The firm had revenue of $154.22 million during the quarter.

Tootsie Roll Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, June 18th. Tootsie Roll Industries's dividend payout ratio (DPR) is presently 28.12%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of Tootsie Roll Industries in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".

About Tootsie Roll Industries

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.

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