Tootsie Roll Industries, Inc. (NYSE:TR) Shares Sold by GSA Capital Partners LLP

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

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

Tootsie Roll Industries Trading Down 1.1%

Shares of Tootsie Roll Industries stock traded down $0.40 during trading on Friday, reaching $37.53. The company's stock had a trading volume of 220,952 shares, compared to its average volume of 215,220. The company has a 50-day moving average price of $35.55 and a two-hundred day moving average price of $32.98. The firm has a market cap of $2.74 billion, a PE ratio of 30.09 and a beta of 0.44. Tootsie Roll Industries, Inc. has a fifty-two week low of $26.78 and a fifty-two week high of $40.43.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.24 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 10.42%.

Tootsie Roll Industries Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Wednesday, June 18th. Tootsie Roll Industries's dividend payout ratio (DPR) is currently 28.80%.

Wall Street Analysts Forecast Growth

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

About Tootsie Roll Industries

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.