Turning Point Brands Inc (NYSE:TPB) VP James Michael Murray sold 1,000 shares of the stock in a transaction on Wednesday, October 17th. The shares were sold at an average price of $41.56, for a total value of $41,560.00. Following the completion of the sale, the vice president now owns 31,296 shares in the company, valued at $1,300,661.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

James Michael Murray also recently made the following trade(s):

  • On Wednesday, October 10th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The shares were sold at an average price of $43.09, for a total value of $43,090.00.
  • On Wednesday, October 3rd, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The shares were sold at an average price of $40.36, for a total value of $40,360.00.
  • On Wednesday, September 26th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The shares were sold at an average price of $40.50, for a total value of $40,500.00.
  • On Wednesday, September 19th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The shares were sold at an average price of $41.56, for a total value of $41,560.00.
  • On Wednesday, September 12th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The shares were sold at an average price of $41.07, for a total value of $41,070.00.
  • On Wednesday, September 5th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The shares were sold at an average price of $33.92, for a total value of $33,920.00.
  • On Thursday, August 30th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The shares were sold at an average price of $33.44, for a total value of $33,440.00.
  • On Tuesday, August 28th, James Michael Murray sold 4,047 shares of Turning Point Brands stock. The shares were sold at an average price of $33.09, for a total value of $133,915.23.

Shares of NYSE TPB opened at $41.14 on Friday. The firm has a market capitalization of $791.29 million, a PE ratio of 28.06 and a beta of 0.63. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.55 and a current ratio of 2.03. Turning Point Brands Inc has a 12-month low of $15.34 and a 12-month high of $47.00.

Turning Point Brands (NYSE:TPB) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. Turning Point Brands had a return on equity of 51.44% and a net margin of 7.70%. The company had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $82.40 million. During the same period last year, the firm earned $0.38 earnings per share. Turning Point Brands’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, analysts anticipate that Turning Point Brands Inc will post 1.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 12th. Shareholders of record on Friday, September 21st were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, September 20th. Turning Point Brands’s dividend payout ratio is presently 14.81%.

Institutional investors have recently bought and sold shares of the business. Chicago Equity Partners LLC acquired a new stake in Turning Point Brands in the second quarter valued at $501,000. Zacks Investment Management acquired a new stake in shares of Turning Point Brands during the second quarter worth about $1,945,000. Dimensional Fund Advisors LP increased its position in shares of Turning Point Brands by 182.9% during the first quarter. Dimensional Fund Advisors LP now owns 80,958 shares of the company’s stock worth $1,574,000 after purchasing an additional 52,341 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Turning Point Brands during the second quarter worth about $744,000. Finally, D.A. Davidson & CO. increased its position in shares of Turning Point Brands by 7.4% during the second quarter. D.A. Davidson & CO. now owns 32,653 shares of the company’s stock worth $1,042,000 after purchasing an additional 2,254 shares in the last quarter. Institutional investors own 27.10% of the company’s stock.

Several analysts have recently issued reports on the company. B. Riley increased their price objective on Turning Point Brands from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, October 8th. Cowen reiterated a “buy” rating on shares of Turning Point Brands in a research note on Friday, August 10th.

Turning Point Brands Company Profile

Turning Point Brands, Inc, together with its subsidiaries, provides other tobacco products primarily in the United States. It operates through three segments: Smokeless Products, Smoking Products, and NewGen Products. The Smokeless Products segment manufactures and markets moist snuff; and contracts for and markets loose leaf chewing tobacco products.

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Insider Buying and Selling by Quarter for Turning Point Brands (NYSE:TPB)

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