Hussman Strategic Advisors Inc. Takes Position in Tootsie Roll Industries, Inc. $TR

Key Points

• Hussman Strategic Advisors bought a new stake of 84,000 shares (≈$3.08M) in Tootsie Roll, making the stock about 0.7% of Hussman's portfolio and representing roughly 0.12% ownership of the company.
• Several large institutions have recently increased positions—Millennium (+121.9%), Invesco (+98.1%), Goldman (+29.1%)—and Vanguard now owns 2,164,370 shares, with institutional investors holding about 14.28% of the stock.
• Tootsie Roll has a market cap of $3.19B, reported quarterly EPS of $0.39 on $196.3M revenue with a 13.8% net margin, and pays a $0.09 quarterly dividend (annualized $0.36, yield ~0.8%, payout ratio ~26.9%).

Hussman Strategic Advisors Inc. bought a new stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 84,000 shares of the company's stock, valued at approximately $3,077,000. Tootsie Roll Industries makes up about 0.7% of Hussman Strategic Advisors Inc.'s investment portfolio, making the stock its 19th biggest position. Hussman Strategic Advisors Inc. owned approximately 0.12% of Tootsie Roll Industries as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TR. Millennium Management LLC increased its holdings in shares of Tootsie Roll Industries by 121.9% during the 3rd quarter. Millennium Management LLC now owns 328,323 shares of the company's stock valued at $13,763,000 after purchasing an additional 180,351 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Tootsie Roll Industries by 98.1% during the 3rd quarter. Invesco Ltd. now owns 316,816 shares of the company's stock valued at $13,281,000 after purchasing an additional 156,929 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Tootsie Roll Industries by 29.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 215,015 shares of the company's stock valued at $6,769,000 after purchasing an additional 48,484 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Tootsie Roll Industries by 115.2% during the 2nd quarter. First Trust Advisors LP now owns 87,085 shares of the company's stock valued at $2,913,000 after purchasing an additional 46,609 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Tootsie Roll Industries by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 2,164,370 shares of the company's stock worth $79,281,000 after acquiring an additional 37,493 shares in the last quarter. 14.28% of the stock is owned by hedge funds and other institutional investors.

Tootsie Roll Industries Stock Performance

Shares of NYSE TR opened at $42.43 on Friday. The firm has a market cap of $3.19 billion, a PE ratio of 31.66 and a beta of 0.45. The firm has a fifty day moving average of $42.42 and a 200 day moving average of $39.77. Tootsie Roll Industries, Inc. has a one year low of $31.59 and a one year high of $45.06.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The company reported $0.39 EPS for the quarter. The company had revenue of $196.28 million during the quarter. Tootsie Roll Industries had a net margin of 13.81% and a return on equity of 11.02%.

Tootsie Roll Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Thursday, March 5th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 5th. Tootsie Roll Industries's payout ratio is presently 26.87%.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.