DCF Advisers LLC Sells 400,000 Shares of Turning Point Brands, Inc. (NYSE:TPB)

DCF Advisers LLC lessened its holdings in Turning Point Brands, Inc. (NYSE:TPB) by 82.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,500 shares of the company’s stock after selling 400,000 shares during the period. Turning Point Brands makes up about 1.2% of DCF Advisers LLC’s investment portfolio, making the stock its 22nd largest position. DCF Advisers LLC owned about 0.47% of Turning Point Brands worth $2,198,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TPB. Hsbc Holdings PLC increased its holdings in shares of Turning Point Brands by 10.6% in the 4th quarter. Hsbc Holdings PLC now owns 44,164 shares of the company’s stock worth $1,165,000 after buying an additional 4,246 shares during the last quarter. Keystone Financial Group purchased a new stake in Turning Point Brands during the 4th quarter valued at $265,000. Quest Partners LLC bought a new stake in Turning Point Brands in the fourth quarter worth $65,000. Seizert Capital Partners LLC purchased a new position in Turning Point Brands during the fourth quarter worth $286,000. Finally, Access Investment Management LLC bought a new position in Turning Point Brands during the fourth quarter valued at $3,383,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.

Turning Point Brands Trading Down 0.4 %

Shares of NYSE:TPB traded down $0.13 on Wednesday, hitting $32.16. 9,028 shares of the company’s stock were exchanged, compared to its average volume of 114,301. The stock has a market capitalization of $566.66 million, a price-to-earnings ratio of 14.21 and a beta of 0.61. Turning Point Brands, Inc. has a 12 month low of $19.67 and a 12 month high of $34.71. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.55 and a quick ratio of 1.59. The business’s 50 day simple moving average is $30.49 and its two-hundred day simple moving average is $26.94.

Turning Point Brands (NYSE:TPB) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.72 earnings per share for the quarter. The company had revenue of $97.06 million during the quarter. Turning Point Brands had a net margin of 10.68% and a return on equity of 37.62%.

Turning Point Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.28 annualized dividend and a yield of 0.87%. Turning Point Brands’s payout ratio is currently 12.33%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Turning Point Brands from a “buy” rating to a “strong-buy” rating in a report on Friday, May 17th. Benchmark reaffirmed a “buy” rating and set a $45.00 target price on shares of Turning Point Brands in a research note on Wednesday.

Insider Buying and Selling at Turning Point Brands

In other news, insider Plano Lorenzo De purchased 15,043 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average price of $27.97 per share, for a total transaction of $420,752.71. Following the completion of the purchase, the insider now owns 31,375 shares in the company, valued at approximately $877,558.75. The purchase was disclosed in a document filed with the SEC, which is available at this link. 5.80% of the stock is currently owned by corporate insiders.

Turning Point Brands 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.