AlphaQuest LLC lessened its holdings in Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 75.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,128 shares of the company's stock after selling 9,686 shares during the period. AlphaQuest LLC's holdings in Tootsie Roll Industries were worth $101,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Byrne Asset Management LLC purchased a new stake in Tootsie Roll Industries during the 4th quarter worth $27,000. GAMMA Investing LLC increased its stake in Tootsie Roll Industries by 133.5% during the 4th quarter. GAMMA Investing LLC now owns 1,807 shares of the company's stock worth $58,000 after buying an additional 1,033 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Tootsie Roll Industries during the 3rd quarter worth $96,000. Pacer Advisors Inc. purchased a new stake in Tootsie Roll Industries during the 4th quarter worth $176,000. Finally, Barclays PLC increased 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 buying an additional 3,865 shares during the period. Hedge funds and other institutional investors own 14.28% of the company's stock.
Tootsie Roll Industries Price Performance
Tootsie Roll Industries stock traded down $0.07 during midday trading on Friday, hitting $31.39. 160,360 shares of the stock were exchanged, compared to its average volume of 159,562. Tootsie Roll Industries, Inc. has a 1 year low of $26.78 and a 1 year high of $33.22. The firm has a market cap of $2.25 billion, a P/E ratio of 25.73 and a beta of 0.19. The company has a 50 day moving average price of $31.29 and a two-hundred day moving average price of $31.41.
Tootsie Roll Industries Increases Dividend
The business also recently disclosed a -- dividend, which will be paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th will be issued a dividend of $3.00 per share. This is a positive change from Tootsie Roll Industries's previous -- dividend of $0.09. This represents a yield of 1.1%. The ex-dividend date is Wednesday, March 5th. Tootsie Roll Industries's dividend payout ratio (DPR) is currently 30.51%.
Tootsie Roll Industries Company 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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