Tootsie Roll Industries, Inc. (NYSE:TR) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 133.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,807 shares of the company’s stock after buying an additional 1,033 shares during the quarter. GAMMA Investing LLC’s holdings in Tootsie Roll Industries were worth $58,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. nVerses Capital LLC purchased a new stake in Tootsie Roll Industries during the third quarter worth about $43,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Tootsie Roll Industries during the third quarter worth about $96,000. US Bancorp DE increased its position in shares of Tootsie Roll Industries by 70.9% in the 3rd quarter. US Bancorp DE now owns 4,927 shares of the company’s stock valued at $153,000 after purchasing an additional 2,044 shares during the last quarter. Barclays PLC increased its holdings in Tootsie Roll Industries by 227.2% in the third quarter. Barclays PLC now owns 5,566 shares of the company’s stock valued at $171,000 after buying an additional 3,865 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Tootsie Roll Industries by 1,100.4% during the 3rd quarter. International Assets Investment Management LLC now owns 5,942 shares of the company’s stock worth $192,000 after acquiring an additional 5,447 shares in the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Stock Down 2.8 %

TR stock opened at $30.52 on Monday. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 23.34 and a beta of 0.22. Tootsie Roll Industries, Inc. has a fifty-two week low of $27.58 and a fifty-two week high of $35.25. The business has a 50 day moving average price of $32.13 and a 200 day moving average price of $30.83.

Tootsie Roll Industries (NYSE:TR) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $223.89 million during the quarter. Tootsie Roll Industries had a net margin of 13.02% and a return on equity of 11.13%.

Tootsie Roll Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.18%. The ex-dividend date was Wednesday, December 18th. Tootsie Roll Industries’s payout ratio is currently 27.48%.

Tootsie Roll Industries Profile

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.