Yorktown Management & Research Co Inc purchased a new stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,000 shares of the company's stock, valued at approximately $323,000.
Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Tootsie Roll Industries by 11.8% during 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. Geode Capital Management LLC grew its stake in Tootsie Roll Industries by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 244,873 shares of the company's stock valued at $7,586,000 after acquiring an additional 5,828 shares in the last quarter. Jane Street Group LLC acquired a new position in Tootsie Roll Industries during the third quarter worth $4,007,000. Exchange Traded Concepts LLC increased its position in Tootsie Roll Industries by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 56,726 shares of the company's stock worth $1,834,000 after purchasing an additional 2,336 shares during the last quarter. Finally, Verition Fund Management LLC lifted its holdings in Tootsie Roll Industries by 315.6% in the third quarter. Verition Fund Management LLC now owns 54,209 shares of the company's stock valued at $1,679,000 after acquiring an additional 41,165 shares during the last quarter. 14.28% of the stock is owned by hedge funds and other institutional investors.
Tootsie Roll Industries Trading Down 0.1 %
TR traded down $0.02 on Friday, hitting $30.58. The company had a trading volume of 121,939 shares, compared to its average volume of 96,025. The company's fifty day moving average price is $31.72 and its 200 day moving average price is $30.98. Tootsie Roll Industries, Inc. has a 1 year low of $27.58 and a 1 year high of $34.00. The firm has a market cap of $2.18 billion, a P/E ratio of 23.38 and a beta of 0.21.
Tootsie Roll Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Wednesday, December 18th. Tootsie Roll Industries's payout ratio is 27.53%.
About Tootsie Roll Industries
(
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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