Turning Point Brands, Inc. (NYSE:TPB) Insider Plano Lorenzo De Acquires 4,000 Shares

Turning Point Brands, Inc. (NYSE:TPB) insider Plano Lorenzo De bought 4,000 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were bought at an average cost of $31.80 per share, with a total value of $127,200.00. Following the completion of the transaction, the insider now owns 34,896 shares in the company, valued at $1,109,692.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Turning Point Brands Stock Performance

Shares of TPB opened at $32.50 on Wednesday. The firm’s fifty day simple moving average is $31.15 and its two-hundred day simple moving average is $27.55. Turning Point Brands, Inc. has a 12 month low of $19.67 and a 12 month high of $34.71. The company has a current ratio of 2.55, a quick ratio of 1.59 and a debt-to-equity ratio of 1.90. The stock has a market capitalization of $572.65 million, a P/E ratio of 14.32 and a beta of 0.61.

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

Turning Point Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 14th will be paid a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, June 14th. Turning Point Brands’s dividend payout ratio (DPR) is currently 12.33%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TPB. Benchmark restated a “buy” rating and set a $45.00 price objective on shares of Turning Point Brands in a research report on Wednesday, June 5th. StockNews.com upgraded shares of Turning Point Brands from a “buy” rating to a “strong-buy” rating in a report on Friday, May 17th.

Hedge Funds Weigh In On Turning Point Brands

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AJOVista LLC bought a new stake in Turning Point Brands during the 4th quarter valued at $47,000. Lazard Asset Management LLC bought a new stake in shares of Turning Point Brands during the first quarter worth about $48,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Turning Point Brands in the 1st quarter worth about $64,000. Quest Partners LLC bought a new position in Turning Point Brands in the 4th quarter valued at about $65,000. Finally, Tower Research Capital LLC TRC lifted its position in Turning Point Brands by 571.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,017 shares of the company’s stock valued at $106,000 after acquiring an additional 3,419 shares in the last quarter. Institutional investors own 96.12% of the company’s stock.

About Turning Point Brands

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.