4D Advisors LLC Purchases Shares of 95,000 Turning Point Brands, Inc. $TPB

Key Points

• 4D Advisors LLC has made a new investment in Turning Point Brands, acquiring 95,000 shares valued at approximately $5.65 million, making it the firm's 6th largest holding.
• Turning Point Brands reported a 25.1% year-over-year revenue increase for the last quarter, with earnings per share exceeding analyst expectations at $0.98.
• Several analysts have recently revised their ratings on the stock, with Zacks Research upgrading it to a "strong-buy" rating, while the consensus price target is set at $78.83.

4D Advisors LLC purchased a new position in shares of Turning Point Brands, Inc. (NYSE:TPB - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 95,000 shares of the company's stock, valued at approximately $5,647,000. Turning Point Brands accounts for 4.4% of 4D Advisors LLC's investment portfolio, making the stock its 6th largest holding. 4D Advisors LLC owned 0.53% of Turning Point Brands as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TPB. Virtus Fund Advisers LLC purchased a new position in shares of Turning Point Brands during the fourth quarter worth about $48,000. Sunbelt Securities Inc. acquired a new stake in Turning Point Brands during the 4th quarter worth approximately $96,000. Tower Research Capital LLC TRC grew its stake in shares of Turning Point Brands by 29.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,364 shares of the company's stock valued at $142,000 after purchasing an additional 532 shares during the last quarter. Baird Financial Group Inc. purchased a new position in shares of Turning Point Brands in the 4th quarter valued at approximately $201,000. Finally, Prescott General Partners LLC acquired a new position in shares of Turning Point Brands in the fourth quarter valued at approximately $210,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Turning Point Brands news, Director Lawrence Wexler sold 25,000 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $75.94, for a total value of $1,898,500.00. Following the sale, the director directly owned 330,186 shares of the company's stock, valued at approximately $25,074,324.84. This trade represents a 7.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Brittani Cushman sold 7,500 shares of Turning Point Brands stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $74.36, for a total transaction of $557,700.00. Following the completion of the transaction, the senior vice president owned 34,687 shares in the company, valued at approximately $2,579,325.32. This trade represents a 17.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 94,700 shares of company stock worth $7,126,982 over the last ninety days. Company insiders own 6.60% of the company's stock.

Turning Point Brands Price Performance

Shares of TPB stock traded up $2.09 during midday trading on Friday, reaching $100.91. 181,942 shares of the company traded hands, compared to its average volume of 377,850. The firm's 50 day simple moving average is $86.77 and its two-hundred day simple moving average is $73.22. The firm has a market cap of $1.82 billion, a PE ratio of 42.22 and a beta of 0.76. The company has a debt-to-equity ratio of 1.30, a current ratio of 4.22 and a quick ratio of 2.67. Turning Point Brands, Inc. has a 1-year low of $38.08 and a 1-year high of $102.90.

Turning Point Brands (NYSE:TPB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. Turning Point Brands had a net margin of 10.34% and a return on equity of 25.32%. The firm had revenue of $116.63 million for the quarter, compared to analysts' expectations of $107.30 million. During the same period in the prior year, the company earned $0.68 EPS. The firm's revenue was up 25.1% on a year-over-year basis. On average, equities research analysts expect that Turning Point Brands, Inc. will post 2.59 EPS for the current fiscal year.

Turning Point Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 19th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, September 19th. Turning Point Brands's dividend payout ratio is currently 12.55%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of Turning Point Brands from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 14th. Oppenheimer boosted their price target on shares of Turning Point Brands from $85.00 to $98.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Needham & Company LLC initiated coverage on shares of Turning Point Brands in a research report on Friday, August 1st. They issued a "hold" rating for the company. Finally, Wall Street Zen lowered Turning Point Brands from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Turning Point Brands currently has an average rating of "Buy" and a consensus price target of $78.83.

Turning Point Brands Company 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.