Semanteon Capital Management LP Buys Shares of 16,179 Tootsie Roll Industries, Inc. (NYSE:TR)

Semanteon Capital Management LP purchased a new position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,179 shares of the company’s stock, valued at approximately $538,000.

A number of other hedge funds have also modified their holdings of TR. Headinvest LLC purchased a new position in shares of Tootsie Roll Industries during the 3rd quarter worth $28,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Tootsie Roll Industries by 45,333.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,363 shares of the company’s stock valued at $45,000 after acquiring an additional 1,360 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tootsie Roll Industries by 107.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,138 shares of the company’s stock valued at $138,000 after acquiring an additional 2,141 shares during the period. Quantbot Technologies LP boosted its holdings in Tootsie Roll Industries by 129.9% during the 3rd quarter. Quantbot Technologies LP now owns 5,564 shares of the company’s stock valued at $166,000 after acquiring an additional 3,144 shares during the period. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Tootsie Roll Industries by 152.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,323 shares of the company’s stock valued at $177,000 after acquiring an additional 3,211 shares during the period. 14.28% of the stock is currently owned by hedge funds and other institutional investors.

Tootsie Roll Industries Trading Down 1.2 %

Tootsie Roll Industries stock traded down $0.37 during midday trading on Friday, reaching $29.82. 57,444 shares of the stock traded hands, compared to its average volume of 72,949. The company has a 50-day simple moving average of $31.56 and a two-hundred day simple moving average of $32.27. Tootsie Roll Industries, Inc. has a 12-month low of $29.07 and a 12-month high of $42.46. The firm has a market cap of $2.13 billion, a PE ratio of 23.45 and a beta of 0.15.

Tootsie Roll Industries (NYSE:TR) last announced its earnings results on Friday, February 16th. The company reported $0.41 EPS for the quarter. Tootsie Roll Industries had a return on equity of 11.48% and a net margin of 12.04%. The company had revenue of $195.37 million during the quarter.

Tootsie Roll Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, March 6th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.36 dividend on an annualized basis and a yield of 1.21%. This is a positive change from Tootsie Roll Industries’s previous quarterly dividend of $0.09. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 28.31%.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini Pops, Child's Play, Caramel Apple Pops, Charms, Blow-Pop, Charms Mini Pops, Cella's, Dots, Junior Mints, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff, Dubble Bubble, Razzles, Cry Baby, NIK-L-NIP, and Tutsi Pop trademarks.