Tudor Investment Corp ET AL Increases Stock Position in Turning Point Brands, Inc. (NYSE:TPB)

Tudor Investment Corp ET AL boosted its stake in Turning Point Brands, Inc. (NYSE:TPB - Free Report) by 66.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,971 shares of the company's stock after buying an additional 24,815 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.35% of Turning Point Brands worth $3,724,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TPB. Barclays PLC boosted its stake in Turning Point Brands by 298.6% in the 3rd quarter. Barclays PLC now owns 29,274 shares of the company's stock worth $1,262,000 after purchasing an additional 21,930 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Turning Point Brands by 84.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,079 shares of the company's stock valued at $5,311,000 after purchasing an additional 56,364 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Turning Point Brands during the fourth quarter worth $73,000. Linden Thomas Advisory Services LLC increased its stake in shares of Turning Point Brands by 22.8% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 26,757 shares of the company's stock valued at $1,608,000 after buying an additional 4,967 shares during the period. Finally, Entropy Technologies LP acquired a new stake in Turning Point Brands during the 4th quarter valued at approximately $234,000. 96.12% of the stock is currently owned by institutional investors.

Turning Point Brands Price Performance

Shares of NYSE TPB traded down $4.35 during mid-day trading on Thursday, reaching $76.65. The company's stock had a trading volume of 213,472 shares, compared to its average volume of 163,066. 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 52 week low of $30.61 and a 52 week high of $81.05. The stock has a fifty day moving average of $59.72 and a two-hundred day moving average of $59.52. The firm has a market capitalization of $1.36 billion, a PE ratio of 30.42 and a beta of 0.69.

Turning Point Brands (NYSE:TPB - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. The firm had revenue of $106.44 million during the quarter, compared to analyst estimates of $95.75 million. Turning Point Brands had a net margin of 11.63% and a return on equity of 33.14%. Turning Point Brands's revenue for the quarter was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 earnings per share. As a group, sell-side analysts anticipate that Turning Point Brands, Inc. will post 2.59 EPS for the current fiscal year.

Turning Point Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 20th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.39%. Turning Point Brands's payout ratio is presently 14.15%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TPB. Oppenheimer lifted their price target on Turning Point Brands from $65.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday. StockNews.com lowered shares of Turning Point Brands from a "buy" rating to a "hold" rating in a research report on Tuesday. Alliance Global Partners assumed coverage on shares of Turning Point Brands in a research note on Monday, March 3rd. They set a "buy" rating and a $80.00 price target for the company. Roth Mkm reiterated a "buy" rating and set a $70.00 price target on shares of Turning Point Brands in a research note on Friday, January 10th. Finally, Industrial Alliance Securities set a $85.00 price objective on Turning Point Brands in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $76.67.

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.