Verition Fund Management LLC Acquires 41,165 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Verition Fund Management LLC raised its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) by 315.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,209 shares of the company's stock after acquiring an additional 41,165 shares during the quarter. Verition Fund Management LLC owned approximately 0.08% of Tootsie Roll Industries worth $1,679,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. ORG Partners LLC acquired a new stake in Tootsie Roll Industries in the 2nd quarter valued at about $639,000. Allspring Global Investments Holdings LLC raised its stake in Tootsie Roll Industries by 11.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,098,774 shares of the company's stock valued at $34,029,000 after buying an additional 115,839 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Tootsie Roll Industries by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 950,636 shares of the company's stock valued at $29,062,000 after buying an additional 31,587 shares during the last quarter. CWA Asset Management Group LLC bought a new position in shares of Tootsie Roll Industries during the 3rd quarter worth approximately $523,000. Finally, Public Sector Pension Investment Board increased its holdings in shares of Tootsie Roll Industries by 5.5% during the 2nd quarter. Public Sector Pension Investment Board now owns 38,942 shares of the company's stock worth $1,190,000 after acquiring an additional 2,017 shares during the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Stock Performance

Shares of TR stock traded down $0.62 during midday trading on Friday, hitting $32.52. 66,895 shares of the company were exchanged, compared to its average volume of 95,316. Tootsie Roll Industries, Inc. has a 52 week low of $27.58 and a 52 week high of $35.84. The firm has a market capitalization of $2.32 billion, a P/E ratio of 24.82 and a beta of 0.21. The firm's 50 day moving average price is $31.11 and its two-hundred day moving average price is $30.37.

Tootsie Roll Industries (NYSE:TR - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $0.46 earnings per share for the quarter. The company had revenue of $223.89 million for the quarter. Tootsie Roll Industries had a return on equity of 11.13% and a net margin of 13.02%.

Tootsie Roll Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.11%. Tootsie Roll Industries's payout ratio is presently 27.48%.

About Tootsie Roll Industries

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.