Aristides Capital LLC Purchases Shares of 7,686 Tootsie Roll Industries, Inc. $TR

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 purchased a new stake in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,686 shares of the company's stock, valued at approximately $242,000.

Other large investors have also recently bought and sold shares of the company. Deutsche Bank AG bought a new stake in Tootsie Roll Industries in the fourth quarter valued at $52,000. Evermay Wealth Management LLC bought a new stake in Tootsie Roll Industries in the first quarter valued at $58,000. Quantbot Technologies LP grew its position in Tootsie Roll Industries by 105.5% in the first quarter. Quantbot Technologies LP now owns 2,207 shares of the company's stock valued at $69,000 after acquiring an additional 1,133 shares during the period. Pacer Advisors Inc. grew its position in Tootsie Roll Industries by 15.1% in the first quarter. Pacer Advisors Inc. now owns 6,259 shares of the company's stock valued at $197,000 after acquiring an additional 822 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in Tootsie Roll Industries in the fourth quarter valued at $217,000. 14.28% of the stock is currently owned by institutional investors.

Tootsie Roll Industries Stock Up 0.3%

Shares of TR opened at $40.1970 on Tuesday. Tootsie Roll Industries, Inc. has a 12-month low of $28.18 and a 12-month high of $40.61. The firm has a market capitalization of $2.93 billion, a PE ratio of 32.23 and a beta of 0.44. The stock's fifty day simple moving average is $36.97 and its 200-day simple moving average is $33.90.

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. Tootsie Roll Industries had a return on equity of 10.36% and a net margin of 12.72%.The business had revenue of $153.19 million for the quarter.

Tootsie Roll Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 19th were paid a dividend of $0.09 per share. 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%.

Wall Street Analysts Forecast Growth

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

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.

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