GSA Capital Partners LLP Has $1.67 Million Stock Position in Tootsie Roll Industries, Inc. (NYSE:TR)

GSA Capital Partners LLP reduced its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 46.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,029 shares of the company's stock after selling 46,456 shares during the period. GSA Capital Partners LLP owned approximately 0.07% of Tootsie Roll Industries worth $1,669,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evermay Wealth Management LLC acquired a new stake in Tootsie Roll Industries during the 1st quarter worth about $58,000. Pacer Advisors Inc. grew its stake in shares of Tootsie Roll Industries by 15.1% in the 1st quarter. Pacer Advisors Inc. now owns 6,259 shares of the company's stock valued at $197,000 after buying an additional 822 shares in the last quarter. Victory Capital Management Inc. acquired a new position in Tootsie Roll Industries in the first quarter worth approximately $267,000. Apollon Wealth Management LLC acquired a new stake in Tootsie Roll Industries in the first quarter valued at approximately $275,000. Finally, Principal Financial Group Inc. lifted its stake in Tootsie Roll Industries by 5.6% in the first quarter. Principal Financial Group Inc. now owns 83,291 shares of the company's stock valued at $2,622,000 after acquiring an additional 4,382 shares during the last quarter. 14.28% of the stock is currently owned by institutional investors.

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 Stock Down 1.9%

Shares of NYSE:TR traded down $0.77 on Wednesday, reaching $38.74. The company had a trading volume of 182,415 shares, compared to its average volume of 213,169. Tootsie Roll Industries, Inc. has a twelve month low of $26.78 and a twelve month high of $40.43. The stock has a market capitalization of $2.83 billion, a P/E ratio of 31.06 and a beta of 0.40. The stock has a 50-day moving average price of $35.39 and a 200 day moving average price of $32.89.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.24 EPS for the quarter. The firm had revenue of $153.19 million during the quarter. Tootsie Roll Industries had a net margin of 12.72% and a return on equity of 10.42%.

Tootsie Roll Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 19th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Wednesday, June 18th. Tootsie Roll Industries's dividend payout ratio is presently 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.