Tudor Investment Corp ET AL Has $3.72 Million Stock Holdings in Turning Point Brands, Inc. (NYSE:TPB)

Tudor Investment Corp ET AL boosted its position in Turning Point Brands, Inc. (NYSE:TPB - Free Report) by 66.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,971 shares of the company's stock after acquiring an additional 24,815 shares during the quarter. Tudor Investment Corp ET AL owned 0.35% of Turning Point Brands worth $3,724,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. grew its holdings in shares of Turning Point Brands by 0.4% during the 4th quarter. Sei Investments Co. now owns 78,087 shares of the company's stock valued at $4,693,000 after purchasing an additional 283 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Turning Point Brands by 7.1% during the fourth quarter. Principal Financial Group Inc. now owns 7,247 shares of the company's stock worth $436,000 after buying an additional 482 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Turning Point Brands by 29.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,364 shares of the company's stock worth $142,000 after buying an additional 532 shares in the last quarter. Access Investment Management LLC lifted its stake in shares of Turning Point Brands by 0.4% in the 4th quarter. Access Investment Management LLC now owns 122,125 shares of the company's stock valued at $7,340,000 after acquiring an additional 540 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Turning Point Brands by 6.0% during the 4th quarter. MetLife Investment Management LLC now owns 10,373 shares of the company's stock valued at $623,000 after acquiring an additional 587 shares in the last quarter. 96.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on TPB shares. StockNews.com upgraded Turning Point Brands from a "hold" rating to a "buy" rating in a research report on Friday, April 18th. Alliance Global Partners initiated coverage on shares of Turning Point Brands in a research report on Monday, March 3rd. They set a "buy" rating and a $80.00 target price on the stock. Industrial Alliance Securities set a $85.00 price target on shares of Turning Point Brands in a research report on Thursday, March 6th. Finally, Roth Mkm reiterated a "buy" rating and set a $70.00 price target on shares of Turning Point Brands in a report on Friday, January 10th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Turning Point Brands presently has an average rating of "Buy" and a consensus target price of $73.33.

Turning Point Brands Trading Up 2.4 %

Shares of TPB traded up $1.52 during trading hours on Monday, hitting $65.20. 181,407 shares of the stock were exchanged, compared to its average volume of 160,343. The firm has a market capitalization of $1.16 billion, a P/E ratio of 25.87 and a beta of 0.69. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.21 and a quick ratio of 1.78. Turning Point Brands, Inc. has a fifty-two week low of $30.61 and a fifty-two week high of $72.54. The business has a 50-day moving average of $59.67 and a 200-day moving average of $59.18.

Turning Point Brands Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 11th. Shareholders of record on Friday, March 21st were issued a $0.075 dividend. This is an increase from Turning Point Brands's previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date was Friday, March 21st. Turning Point Brands's payout ratio is presently 14.15%.

Turning Point Brands Company Profile

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.