Quantbot Technologies LP Sells 5,839 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Quantbot Technologies LP trimmed its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 84.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,074 shares of the company’s stock after selling 5,839 shares during the period. Quantbot Technologies LP’s holdings in Tootsie Roll Industries were worth $35,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TR. HighTower Advisors LLC boosted its stake in Tootsie Roll Industries by 0.8% during the fourth quarter. HighTower Advisors LLC now owns 45,215 shares of the company’s stock worth $1,462,000 after buying an additional 377 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Tootsie Roll Industries by 6.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 7,049 shares of the company’s stock valued at $228,000 after acquiring an additional 407 shares in the last quarter. Byrne Asset Management LLC bought a new stake in Tootsie Roll Industries in the fourth quarter valued at about $27,000. GAMMA Investing LLC raised its position in Tootsie Roll Industries by 133.5% in the fourth quarter. GAMMA Investing LLC now owns 1,807 shares of the company’s stock worth $58,000 after purchasing an additional 1,033 shares in the last quarter. Finally, HFR Wealth Management LLC lifted its stake in Tootsie Roll Industries by 0.6% during the fourth quarter. HFR Wealth Management LLC now owns 281,313 shares of the company’s stock worth $9,095,000 after purchasing an additional 1,617 shares during the period. 14.28% of the stock is owned by institutional investors and hedge funds.

Tootsie Roll Industries Price Performance

Tootsie Roll Industries stock opened at $31.59 on Wednesday. The business has a 50 day simple moving average of $31.34 and a 200 day simple moving average of $31.39. Tootsie Roll Industries, Inc. has a one year low of $26.78 and a one year high of $33.22. The company has a market capitalization of $2.26 billion, a PE ratio of 25.89 and a beta of 0.19.

Tootsie Roll Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Wednesday, March 5th. Tootsie Roll Industries’s dividend payout ratio is currently 30.51%.

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.