GAMMA Investing LLC Increases Position in Tootsie Roll Industries, Inc. (NYSE:TR)

GAMMA Investing LLC boosted its stake in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 3,573.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,383 shares of the company's stock after buying an additional 64,576 shares during the period. GAMMA Investing LLC owned approximately 0.09% of Tootsie Roll Industries worth $2,109,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Yousif Capital Management LLC acquired a new stake in shares of Tootsie Roll Industries in the fourth quarter valued at $200,000. Allspring Global Investments Holdings LLC boosted its holdings in Tootsie Roll Industries by 3.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,140,100 shares of the company's stock valued at $37,179,000 after acquiring an additional 41,326 shares during the period. Principal Financial Group Inc. grew its position in Tootsie Roll Industries by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 78,909 shares of the company's stock valued at $2,551,000 after acquiring an additional 2,342 shares in the last quarter. Bfsg LLC acquired a new position in Tootsie Roll Industries in the 4th quarter valued at about $5,543,000. Finally, HFR Wealth Management LLC increased its stake in Tootsie Roll Industries by 0.6% during the fourth quarter. HFR Wealth Management LLC now owns 281,313 shares of the company's stock worth $9,095,000 after purchasing an additional 1,617 shares during the period. Institutional investors and hedge funds own 14.28% of the company's stock.

Tootsie Roll Industries Stock Up 0.7%

TR stock traded up $0.22 during midday trading on Tuesday, hitting $33.69. The company's stock had a trading volume of 207,076 shares, compared to its average volume of 176,504. The firm has a 50-day simple moving average of $33.13 and a 200-day simple moving average of $32.07. The firm has a market capitalization of $2.46 billion, a P/E ratio of 27.60 and a beta of 0.42. Tootsie Roll Industries, Inc. has a 52-week low of $26.78 and a 52-week high of $36.25.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.25 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a return on equity of 10.29% and a net margin of 12.53%. The firm had revenue of $146.52 million during the quarter.

Tootsie Roll Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Thursday, June 19th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Wednesday, June 18th. Tootsie Roll Industries's payout ratio is presently 29.51%.

Analysts Set New Price Targets

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 Company 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.