Turning Point Brands (NYSE:TPB) Sets New 1-Year High at $32.73

Turning Point Brands, Inc. (NYSE:TPB - Get Free Report) shares reached a new 52-week high during trading on Thursday . The company traded as high as $32.73 and last traded at $32.35, with a volume of 57526 shares trading hands. The stock had previously closed at $29.19.

Turning Point Brands Price Performance

The firm has a fifty day simple moving average of $27.37 and a 200 day simple moving average of $24.92. The company has a market capitalization of $575.84 million, a PE ratio of 15.53 and a beta of 0.50. The company has a debt-to-equity ratio of 2.02, a quick ratio of 1.68 and a current ratio of 2.67.

Turning Point Brands (NYSE:TPB - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.72 earnings per share for the quarter. The firm had revenue of $97.10 million during the quarter, compared to analysts' expectations of $90.11 million. Turning Point Brands had a return on equity of 38.62% and a net margin of 9.49%. The business's quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 EPS.

Turning Point Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, June 14th. Turning Point Brands's dividend payout ratio (DPR) is 13.66%.

Insider Activity at Turning Point Brands

In other news, insider Plano Lorenzo De acquired 15,043 shares of Turning Point Brands stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $27.97 per share, for a total transaction of $420,752.71. Following the completion of the transaction, the insider now directly owns 31,375 shares in the company, valued at $877,558.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Turning Point Brands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Turning Point Brands by 4.4% in the 3rd quarter. Vanguard Group Inc. now owns 1,314,680 shares of the company's stock worth $30,356,000 after buying an additional 55,829 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Turning Point Brands by 6.1% during the third quarter. American Century Companies Inc. now owns 886,524 shares of the company's stock valued at $20,470,000 after acquiring an additional 51,131 shares during the period. Strategic Income Management LLC acquired a new position in Turning Point Brands in the 3rd quarter valued at approximately $809,000. Assenagon Asset Management S.A. increased its stake in Turning Point Brands by 162.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 521,980 shares of the company's stock valued at $13,739,000 after buying an additional 323,157 shares during the period. Finally, Foundry Partners LLC increased its stake in shares of Turning Point Brands by 15.9% during the 4th quarter. Foundry Partners LLC now owns 219,574 shares of the company's stock worth $5,779,000 after purchasing an additional 30,099 shares during the last quarter. 96.12% of the stock is owned by hedge funds and other institutional investors.

About Turning Point Brands

Turning Point Brands, Inc, together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand.