Turning Point Brands, Inc. (NYSE:TPB) Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its position in shares of Turning Point Brands, Inc. (NYSE:TPB - Free Report) by 22.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,757 shares of the company's stock after acquiring an additional 4,967 shares during the quarter. Linden Thomas Advisory Services LLC owned 0.15% of Turning Point Brands worth $1,608,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TPB. Martingale Asset Management L P increased its stake in shares of Turning Point Brands by 1.4% during the third quarter. Martingale Asset Management L P now owns 24,686 shares of the company's stock worth $1,065,000 after purchasing an additional 329 shares in the last quarter. Marshall Wace LLP boosted its holdings in Turning Point Brands by 0.3% in the 2nd quarter. Marshall Wace LLP now owns 119,954 shares of the company's stock worth $3,849,000 after buying an additional 367 shares during the last quarter. USA Financial Formulas purchased a new stake in Turning Point Brands during the 4th quarter worth approximately $73,000. Copeland Capital Management LLC acquired a new position in shares of Turning Point Brands during the third quarter valued at approximately $61,000. Finally, Stifel Financial Corp lifted its position in shares of Turning Point Brands by 6.8% in the third quarter. Stifel Financial Corp now owns 25,646 shares of the company's stock valued at $1,107,000 after acquiring an additional 1,634 shares in the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Turning Point Brands Trading Up 1.9 %

TPB traded up $1.05 during trading hours on Friday, reaching $57.50. The company's stock had a trading volume of 130,877 shares, compared to its average volume of 157,312. The stock has a market cap of $1.02 billion, a PE ratio of 22.82 and a beta of 0.66. Turning Point Brands, Inc. has a fifty-two week low of $21.98 and a fifty-two week high of $66.18. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.21 and a quick ratio of 1.78. The business's 50-day moving average is $59.75 and its 200-day moving average is $48.00.

Turning Point Brands (NYSE:TPB - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.67 by $0.01. The business had revenue of $105.62 million for the quarter, compared to analyst estimates of $100.71 million. Turning Point Brands had a return on equity of 33.14% and a net margin of 11.63%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 EPS. As a group, equities research analysts predict that Turning Point Brands, Inc. will post 2.59 earnings per share for the current fiscal year.

Turning Point Brands Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Friday, December 20th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date was Friday, December 20th. Turning Point Brands's dividend payout ratio is presently 11.11%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Benchmark increased their price objective on Turning Point Brands from $45.00 to $65.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. StockNews.com cut shares of Turning Point Brands from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Roth Mkm reissued a "buy" rating and issued a $70.00 price target on shares of Turning Point Brands in a research note on Friday, January 10th. Craig Hallum upped their price target on Turning Point Brands from $60.00 to $75.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, Roth Capital upgraded Turning Point Brands to a "strong-buy" rating in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $68.75.

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.