Linden Thomas Advisory Services LLC Has $1.61 Million Stock Holdings in Turning Point Brands, Inc. (NYSE:TPB)

Linden Thomas Advisory Services LLC boosted its holdings in Turning Point Brands, Inc. (NYSE:TPB) by 22.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,757 shares of the company’s stock after buying an additional 4,967 shares during the period. Linden Thomas Advisory Services LLC owned approximately 0.15% of Turning Point Brands worth $1,608,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TPB. Dimensional Fund Advisors LP raised its position in Turning Point Brands by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 460,764 shares of the company’s stock worth $14,785,000 after purchasing an additional 4,600 shares in the last quarter. Geode Capital Management LLC raised its position in Turning Point Brands by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 405,613 shares of the company’s stock valued at $17,506,000 after purchasing an additional 15,344 shares during the last quarter. Aristides Capital LLC boosted its stake in Turning Point Brands by 6.3% in the second quarter. Aristides Capital LLC now owns 202,984 shares of the company’s stock worth $6,514,000 after purchasing an additional 12,041 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Turning Point Brands by 14.1% in the second quarter. Millennium Management LLC now owns 178,367 shares of the company’s stock valued at $5,724,000 after buying an additional 22,035 shares during the last quarter. Finally, First Sabrepoint Capital Management LP acquired a new position in Turning Point Brands during the 3rd quarter worth about $7,517,000. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Turning Point Brands Trading Up 1.9 %

NYSE:TPB opened at $57.50 on Friday. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 22.82 and a beta of 0.66. Turning Point Brands, Inc. has a 1-year low of $21.98 and a 1-year high of $66.18. The business’s 50-day moving average price is $59.75 and its two-hundred day moving average price is $47.91. The company has a current ratio of 4.21, a quick ratio of 1.78 and a debt-to-equity ratio of 1.33.

Turning Point Brands (NYSE:TPB) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.01. Turning Point Brands had a net margin of 11.63% and a return on equity of 33.14%. The company had revenue of $105.62 million during the quarter, compared to analyst estimates of $100.71 million. During the same quarter in the previous year, the business earned $0.69 EPS. The firm’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts expect that Turning Point Brands, Inc. will post 2.59 earnings per share for the current year.

Turning Point Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.49%. The ex-dividend date was Friday, December 20th. Turning Point Brands’s payout ratio is 11.11%.

Analysts Set New Price Targets

TPB has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Turning Point Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Roth Mkm reaffirmed a “buy” rating and set a $70.00 price objective on shares of Turning Point Brands in a report on Friday, January 10th. Roth Capital upgraded Turning Point Brands to a “strong-buy” rating in a research report on Friday, November 8th. Craig Hallum boosted their target price on Turning Point Brands from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Oppenheimer started coverage on Turning Point Brands in a report on Thursday, November 14th. They issued an “outperform” rating and a $65.00 price target on the stock. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Turning Point Brands currently has a consensus rating of “Buy” and a consensus target price of $68.75.

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.