Entropy Technologies LP Invests $234,000 in Turning Point Brands, Inc. (NYSE:TPB)

Entropy Technologies LP acquired a new stake in Turning Point Brands, Inc. (NYSE:TPB - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,900 shares of the company's stock, valued at approximately $234,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TPB. Copeland Capital Management LLC purchased a new stake in Turning Point Brands in the third quarter valued at $61,000. USA Financial Formulas purchased a new stake in shares of Turning Point Brands in the fourth quarter worth about $73,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Turning Point Brands in the second quarter worth about $209,000. Aigen Investment Management LP acquired a new stake in Turning Point Brands during the third quarter worth about $221,000. Finally, Moran Wealth Management LLC acquired a new position in Turning Point Brands in the third quarter valued at approximately $236,000. Institutional investors and hedge funds own 96.12% of the company's stock.

Analyst Upgrades and Downgrades

TPB has been the topic of a number of analyst reports. Roth Mkm reaffirmed a "buy" rating and set a $70.00 price objective on shares of Turning Point Brands in a research note on Friday, January 10th. StockNews.com cut shares of Turning Point Brands from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Craig Hallum increased their target price on shares of Turning Point Brands from $60.00 to $75.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Roth Capital upgraded Turning Point Brands to a "strong-buy" rating in a research note on Friday, November 8th. Finally, Benchmark upped their price target on Turning Point Brands from $45.00 to $65.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Turning Point Brands presently has an average rating of "Buy" and a consensus target price of $68.75.

Turning Point Brands Price Performance

Shares of TPB stock traded down $0.60 on Monday, reaching $69.73. 126,087 shares of the company were exchanged, compared to its average volume of 193,221. Turning Point Brands, Inc. has a 1 year low of $22.47 and a 1 year high of $70.57. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 4.21. The business has a 50-day moving average price of $60.79 and a 200 day moving average price of $51.16. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 27.67 and a beta of 0.65.

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.