63,511 Shares in Turning Point Brands, Inc. (NYSE:TPB) Bought by Portolan Capital Management LLC

Portolan Capital Management LLC bought a new stake in Turning Point Brands, Inc. (NYSE:TPB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 63,511 shares of the company's stock, valued at approximately $3,817,000. Portolan Capital Management LLC owned approximately 0.36% of Turning Point Brands as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Entropy Technologies LP bought a new stake in shares of Turning Point Brands during the fourth quarter worth $234,000. 272 Capital LP bought a new stake in shares of Turning Point Brands in the 3rd quarter valued at $1,488,000. Legato Capital Management LLC acquired a new stake in shares of Turning Point Brands during the fourth quarter worth about $278,000. Principal Financial Group Inc. lifted its stake in Turning Point Brands by 7.1% in the fourth quarter. Principal Financial Group Inc. now owns 7,247 shares of the company's stock valued at $436,000 after buying an additional 482 shares in the last quarter. Finally, Barclays PLC boosted its stake in Turning Point Brands by 298.6% in the 3rd quarter. Barclays PLC now owns 29,274 shares of the company's stock worth $1,262,000 after purchasing an additional 21,930 shares during the period. 96.12% of the stock is owned by institutional investors.

Turning Point Brands Price Performance

NYSE:TPB traded up $0.43 during trading hours on Friday, hitting $57.72. The stock had a trading volume of 113,731 shares, compared to its average volume of 159,362. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 22.90 and a beta of 0.70. Turning Point Brands, Inc. has a one year low of $26.67 and a one year high of $72.54. The company has a 50 day simple moving average of $61.76 and a two-hundred day simple moving average of $57.61. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.21 and a quick ratio of 1.78.

Turning Point Brands Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 11th. Stockholders of record on Friday, March 21st were issued a dividend of $0.075 per share. This is a positive change from Turning Point Brands's previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, March 21st. Turning Point Brands's dividend payout ratio is currently 14.15%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Alliance Global Partners began coverage on Turning Point Brands in a research report on Monday, March 3rd. They set a "buy" rating and a $80.00 price target on the stock. Industrial Alliance Securities set a $85.00 target price on shares of Turning Point Brands in a report on Thursday, March 6th. Roth Mkm reaffirmed a "buy" rating and issued a $70.00 price target on shares of Turning Point Brands in a research note on Friday, January 10th. Finally, StockNews.com downgraded Turning Point Brands from a "buy" rating to a "hold" rating in a report on Tuesday, March 11th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $73.33.

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.