Inceptionr LLC lifted its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 239.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,841 shares of the company's stock after purchasing an additional 18,229 shares during the period. Inceptionr LLC's holdings in Tootsie Roll Industries were worth $835,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Byrne Asset Management LLC acquired a new position in Tootsie Roll Industries during the fourth quarter worth approximately $27,000. GAMMA Investing LLC increased its holdings in shares of Tootsie Roll Industries by 133.5% in the 4th quarter. GAMMA Investing LLC now owns 1,807 shares of the company's stock valued at $58,000 after acquiring an additional 1,033 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Tootsie Roll Industries in the 3rd quarter valued at $96,000. US Bancorp DE raised its position in 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. Finally, Barclays PLC boosted its stake in Tootsie Roll Industries by 227.2% during the 3rd quarter. Barclays PLC now owns 5,566 shares of the company's stock worth $171,000 after purchasing an additional 3,865 shares during the period. Institutional investors and hedge funds own 14.28% of the company's stock.
Tootsie Roll Industries Stock Performance
NYSE TR traded down $0.52 during trading on Tuesday, reaching $32.34. The company's stock had a trading volume of 106,429 shares, compared to its average volume of 159,277. The business's fifty day moving average price is $31.30 and its 200-day moving average price is $31.29. Tootsie Roll Industries, Inc. has a twelve month low of $26.78 and a twelve month high of $33.50. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 26.50 and a beta of 0.19.
Tootsie Roll Industries Increases Dividend
The business also recently announced a -- dividend, which will be paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th will be issued a $3.00 dividend. The ex-dividend date is Wednesday, March 5th. This represents a dividend yield of 1.1%. This is a positive change from Tootsie Roll Industries's previous -- dividend of $0.09. Tootsie Roll Industries's payout ratio is presently 30.51%.
Tootsie Roll Industries Profile
(
Free Report)
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.
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