DCF Advisers LLC Has $606,000 Stock Position in Turning Point Brands, Inc. $TPB

DCF Advisers LLC reduced its holdings in shares of Turning Point Brands, Inc. (NYSE:TPB) by 20.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,000 shares of the company’s stock after selling 2,100 shares during the quarter. DCF Advisers LLC’s holdings in Turning Point Brands were worth $606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Turning Point Brands by 90.7% in the second quarter. GAMMA Investing LLC now owns 328 shares of the company’s stock worth $25,000 after acquiring an additional 156 shares during the last quarter. Briaud Financial Planning Inc acquired a new position in Turning Point Brands during the 2nd quarter worth approximately $31,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Turning Point Brands during the 2nd quarter worth approximately $235,000. Longboard Asset Management LP bought a new position in Turning Point Brands in the 2nd quarter valued at approximately $236,000. Finally, IFP Advisors Inc boosted its position in Turning Point Brands by 97,250.0% in the first quarter. IFP Advisors Inc now owns 3,894 shares of the company’s stock valued at $231,000 after buying an additional 3,890 shares in the last quarter. Institutional investors own 96.12% of the company’s stock.

Insider Transactions at Turning Point Brands

In related news, Director Gregory H.A. Baxter sold 1,500 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $98.23, for a total value of $147,345.00. Following the transaction, the director directly owned 38,919 shares in the company, valued at $3,823,013.37. This trade represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Brittani Cushman sold 15,250 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $101.66, for a total transaction of $1,550,315.00. Following the sale, the senior vice president owned 34,687 shares of the company’s stock, valued at $3,526,280.42. This trade represents a 30.54% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 64,220 shares of company stock worth $6,434,342. 6.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on TPB. Industrial Alliance Securities set a $110.00 price target on shares of Turning Point Brands in a report on Wednesday, November 5th. Alliance Global Partners boosted their price objective on Turning Point Brands from $103.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Oppenheimer increased their target price on Turning Point Brands from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, November 19th. Needham & Company LLC began coverage on Turning Point Brands in a research note on Friday, August 1st. They set a “hold” rating on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Turning Point Brands in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $97.00.

Turning Point Brands Stock Down 0.4%

Shares of NYSE TPB opened at $97.56 on Monday. The company has a quick ratio of 3.98, a current ratio of 5.56 and a debt-to-equity ratio of 0.82. The firm has a market cap of $1.86 billion, a PE ratio of 34.35 and a beta of 0.85. The company’s fifty day simple moving average is $95.19 and its 200 day simple moving average is $86.86. Turning Point Brands, Inc. has a 12-month low of $51.48 and a 12-month high of $110.55.

Turning Point Brands (NYSE:TPB) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.46. The firm had revenue of $118.98 million for the quarter, compared to analyst estimates of $111.42 million. Turning Point Brands had a net margin of 12.02% and a return on equity of 24.44%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 earnings per share. As a group, sell-side analysts forecast that Turning Point Brands, Inc. will post 2.59 earnings per share for the current fiscal year.

Turning Point Brands Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 19th will be issued a $0.075 dividend. The ex-dividend date is Friday, December 19th. This represents a $0.30 annualized dividend and a yield of 0.3%. Turning Point Brands’s dividend payout ratio is presently 10.56%.

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.