7,686 Shares in Tootsie Roll Industries, Inc. $TR Bought by Aristides Capital LLC

Key Points

• Aristides Capital LLC recently acquired 7,686 shares of Tootsie Roll Industries, valued at approximately $242,000, during the first quarter.
• Tootsie Roll Industries reported a quarterly earnings per share (EPS) of $0.24 and had a revenue of $153.19 million.
• The company declared a quarterly dividend of $0.09 per share, with a dividend yield of 0.9% and payout ratio of 28.80%.

Aristides Capital LLC acquired a new position in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,686 shares of the company's stock, valued at approximately $242,000.

Several other large investors have also recently modified their holdings of the company. Jump Financial LLC raised its stake in shares of Tootsie Roll Industries by 88.0% during the 1st quarter. Jump Financial LLC now owns 11,763 shares of the company's stock worth $370,000 after acquiring an additional 5,506 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Tootsie Roll Industries by 105.5% during the 1st quarter. Quantbot Technologies LP now owns 2,207 shares of the company's stock worth $69,000 after acquiring an additional 1,133 shares in the last quarter. HFR Wealth Management LLC increased its stake in Tootsie Roll Industries by 1.7% during the 1st quarter. HFR Wealth Management LLC now owns 286,060 shares of the company's stock valued at $9,005,000 after purchasing an additional 4,747 shares in the last quarter. American Century Companies Inc. increased its stake in Tootsie Roll Industries by 82.6% during the 1st quarter. American Century Companies Inc. now owns 27,141 shares of the company's stock valued at $854,000 after purchasing an additional 12,278 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its stake in Tootsie Roll Industries by 30.4% during the 1st quarter. Public Sector Pension Investment Board now owns 53,797 shares of the company's stock valued at $1,694,000 after purchasing an additional 12,541 shares in the last quarter. Institutional investors own 14.28% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Tootsie Roll Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 16th.

Tootsie Roll Industries Price Performance

Tootsie Roll Industries stock traded down $0.16 during mid-day trading on Friday, reaching $40.25. 141,115 shares of the company traded hands, compared to its average volume of 153,013. Tootsie Roll Industries, Inc. has a fifty-two week low of $28.18 and a fifty-two week high of $40.88. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 32.27 and a beta of 0.44. The firm's fifty day moving average is $37.50 and its two-hundred day moving average is $34.14.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.24 earnings per share (EPS) for the quarter. The business had revenue of $153.19 million for the quarter. Tootsie Roll Industries had a net margin of 12.72% and a return on equity of 10.36%.

Tootsie Roll Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 19th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Wednesday, June 18th. Tootsie Roll Industries's dividend payout ratio is 28.80%.

Tootsie Roll Industries Profile

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks.