Turning Point Brands (NYSE:TPB) insider James Wells Dobbins sold 5,864 shares of Turning Point Brands stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $30.21, for a total transaction of $177,151.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

James Wells Dobbins also recently made the following trade(s):

  • On Wednesday, May 23rd, James Wells Dobbins sold 5,000 shares of Turning Point Brands stock. The shares were sold at an average price of $25.00, for a total transaction of $125,000.00.

Turning Point Brands traded up $1.15, reaching $31.25, on Thursday, according to MarketBeat Ratings. The company had a trading volume of 2,270 shares, compared to its average volume of 66,181. The company has a debt-to-equity ratio of 3.43, a quick ratio of 0.61 and a current ratio of 2.53. The company has a market cap of $558.09 million, a P/E ratio of 28.53 and a beta of 1.01. Turning Point Brands has a 12 month low of $14.45 and a 12 month high of $30.96.

Turning Point Brands (NYSE:TPB) last announced its quarterly earnings results on Wednesday, May 9th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $73.90 million for the quarter, compared to the consensus estimate of $70.70 million. Turning Point Brands had a net margin of 7.29% and a return on equity of 52.48%. Turning Point Brands’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 EPS. analysts forecast that Turning Point Brands will post 1.62 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 22nd will be issued a $0.04 dividend. The ex-dividend date is Thursday, June 21st. This represents a $0.16 dividend on an annualized basis and a yield of 0.51%. Turning Point Brands’s dividend payout ratio is currently 14.81%.

TPB has been the topic of a number of analyst reports. Cowen restated a “buy” rating on shares of Turning Point Brands in a research note on Thursday, March 15th. B. Riley set a $30.00 target price on shares of Turning Point Brands and gave the company a “buy” rating in a research note on Wednesday, May 9th. Finally, Zacks Investment Research upgraded shares of Turning Point Brands from a “sell” rating to a “hold” rating in a research note on Thursday, May 3rd.

Hedge funds and other institutional investors have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC bought a new stake in Turning Point Brands in the 1st quarter valued at $234,000. Citadel Advisors LLC bought a new stake in Turning Point Brands in the 1st quarter valued at $265,000. Schwab Charles Investment Management Inc. bought a new stake in Turning Point Brands in the 1st quarter valued at $315,000. JPMorgan Chase & Co. increased its holdings in Turning Point Brands by 274.7% in the 1st quarter. JPMorgan Chase & Co. now owns 18,035 shares of the company’s stock valued at $350,000 after acquiring an additional 13,222 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new stake in Turning Point Brands in the 4th quarter valued at $381,000. Institutional investors own 21.68% of the company’s stock.

About Turning Point Brands

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.

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

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