SG Americas Securities LLC Sells 19,605 Shares of Turning Point Brands, Inc. $TPB

Key Points

• SG Americas cut its position in Turning Point Brands by 63.6% in Q4, selling 19,605 shares and leaving it with 11,210 shares (about 0.06% of the company) worth $1.215 million.
• Analyst sentiment is mixed with a MarketBeat consensus of Hold and an average price target of $116.67, while TPB trades near $71.54 (down 4.2%) with a market cap of $1.38 billion and a 52‑week range of $53.62–$146.90.
• Turning Point declared a quarterly dividend of $0.08 (annualized $0.32, yield ~0.4%, ex‑dividend Mar 20) and the CFO sold 2,000 shares on Mar 4, reducing his holding by about 17.5%.

SG Americas Securities LLC decreased its position in shares of Turning Point Brands, Inc. (NYSE:TPB - Free Report) by 63.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 11,210 shares of the company's stock after selling 19,605 shares during the period. SG Americas Securities LLC owned about 0.06% of Turning Point Brands worth $1,215,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TPB. Maple Rock Capital Partners Inc. purchased a new stake in shares of Turning Point Brands in the 2nd quarter worth approximately $18,458,000. Wellington Management Group LLP bought a new position in Turning Point Brands in the 3rd quarter worth $20,788,000. Millennium Management LLC raised its holdings in Turning Point Brands by 912.1% in the 3rd quarter. Millennium Management LLC now owns 214,401 shares of the company's stock worth $21,196,000 after purchasing an additional 193,218 shares during the period. Mangrove Partners IM LLC lifted its stake in Turning Point Brands by 162.9% in the third quarter. Mangrove Partners IM LLC now owns 260,991 shares of the company's stock worth $25,802,000 after purchasing an additional 161,732 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Turning Point Brands by 101.9% during the 3rd quarter. First Trust Advisors LP now owns 286,658 shares of the company's stock worth $28,339,000 after purchasing an additional 144,663 shares during the period. Hedge funds and other institutional investors own 96.12% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TPB shares. Wall Street Zen cut shares of Turning Point Brands from a "buy" rating to a "hold" rating in a research report on Saturday, January 17th. Oppenheimer restated an "outperform" rating and issued a $130.00 target price on shares of Turning Point Brands in a research note on Wednesday, January 14th. Weiss Ratings restated a "buy (b-)" rating on shares of Turning Point Brands in a research note on Tuesday, December 23rd. Finally, Zacks Research downgraded shares of Turning Point Brands from a "hold" rating to a "strong sell" rating in a research note on Monday, March 2nd. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $116.67.

Turning Point Brands Stock Down 4.2%

Shares of NYSE:TPB opened at $71.54 on Wednesday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 22.86 and a beta of 1.02. Turning Point Brands, Inc. has a 1-year low of $53.62 and a 1-year high of $146.90. The company's fifty day moving average is $107.36 and its two-hundred day moving average is $103.38. The company has a debt-to-equity ratio of 0.79, a quick ratio of 4.12 and a current ratio of 5.56.

Turning Point Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 20th will be issued a $0.08 dividend. This is a boost from Turning Point Brands's previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Friday, March 20th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Turning Point Brands's dividend payout ratio is 10.22%.

Insider Buying and Selling at Turning Point Brands

In related news, CFO Andrew Flynn sold 2,000 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $97.57, for a total value of $195,140.00. Following the sale, the chief financial officer owned 9,443 shares of the company's stock, valued at $921,353.51. This trade represents a 17.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.60% of the stock is currently owned by company insiders.

Turning Point Brands Profile

Turning Point Brands, Inc NYSE: TPB is a U.S.-based consumer products company focused on the manufacture, marketing and distribution of smokeless tobacco, vaping and cigar products. Headquartered in Old Hickory, Tennessee, the company serves retail outlets across all 50 states through a direct-store-delivery network and select third-party distributors. Turning Point Brands operates two reporting segments—Smokeless Products and Cigar—and leverages its logistics capabilities to offer a broad portfolio of brands and SKUs.

In its Smokeless Products segment, Turning Point Brands produces moist smokeless tobacco under leading brand names such as Grizzly, Kodiak and Stoker's.

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