RBF Capital LLC Sells 7,886 Shares of Turning Point Brands, Inc. (NYSE:TPB)

RBF Capital LLC decreased its holdings in shares of Turning Point Brands, Inc. (NYSE:TPB - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,000 shares of the company's stock after selling 7,886 shares during the period. RBF Capital LLC owned approximately 0.20% of Turning Point Brands worth $2,104,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in TPB. Sei Investments Co. lifted its stake 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 buying an additional 283 shares in the last quarter. Principal Financial Group Inc. lifted its position 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 acquiring an additional 482 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Turning Point Brands by 29.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,364 shares of the company's stock worth $142,000 after acquiring an additional 532 shares during the period. Access Investment Management LLC grew its position in shares of Turning Point Brands by 0.4% in the fourth quarter. Access Investment Management LLC now owns 122,125 shares of the company's stock valued at $7,340,000 after purchasing an additional 540 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake 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 purchasing an additional 587 shares during the period. Institutional investors own 96.12% of the company's stock.

Turning Point Brands Price Performance

NYSE TPB traded down $0.55 during trading hours on Monday, reaching $58.76. 16,751 shares of the stock traded hands, compared to its average volume of 211,117. The stock has a 50 day simple moving average of $60.39 and a two-hundred day simple moving average of $58.53. Turning Point Brands, Inc. has a 1 year low of $28.16 and a 1 year high of $72.54. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.21 and a quick ratio of 1.78. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 23.32 and a beta of 0.70.

Turning Point Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Investors of record on Friday, March 21st were given a $0.075 dividend. This is an increase from Turning Point Brands's previous quarterly dividend of $0.07. The ex-dividend date was Friday, March 21st. This represents a $0.30 dividend on an annualized basis and a yield of 0.51%. Turning Point Brands's payout ratio is presently 14.15%.

Analyst Ratings Changes

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

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.