Baader Bank Aktiengesellschaft Has $781,000 Stock Holdings in Turning Point Brands, Inc. (NYSE:TPB)

Baader Bank Aktiengesellschaft lowered its stake in Turning Point Brands, Inc. (NYSE:TPB) by 21.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,000 shares of the company’s stock after selling 3,543 shares during the period. Baader Bank Aktiengesellschaft owned approximately 0.07% of Turning Point Brands worth $781,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TPB. First Sabrepoint Capital Management LP acquired a new position in shares of Turning Point Brands in the third quarter valued at about $7,517,000. JPMorgan Chase & Co. boosted its holdings in Turning Point Brands by 84.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,079 shares of the company’s stock valued at $5,311,000 after purchasing an additional 56,364 shares during the period. 272 Capital LP acquired a new position in shares of Turning Point Brands during the 3rd quarter worth approximately $1,488,000. Pekin Hardy Strauss Inc. bought a new position in shares of Turning Point Brands during the third quarter worth approximately $1,260,000. Finally, Millennium Management LLC raised its position in shares of Turning Point Brands by 14.1% in the second quarter. Millennium Management LLC now owns 178,367 shares of the company’s stock valued at $5,724,000 after buying an additional 22,035 shares in the last quarter. 96.12% of the stock is owned by institutional investors.

Turning Point Brands Stock Performance

Turning Point Brands stock opened at $62.95 on Friday. The stock has a market cap of $1.11 billion, a PE ratio of 24.98 and a beta of 0.66. The company has a quick ratio of 1.78, a current ratio of 4.21 and a debt-to-equity ratio of 1.33. Turning Point Brands, Inc. has a 12-month low of $21.98 and a 12-month high of $66.18. The business’s 50-day moving average price is $59.68 and its two-hundred day moving average price is $48.42.

Turning Point Brands (NYSE:TPB) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.01. Turning Point Brands had a net margin of 11.63% and a return on equity of 33.14%. The business had revenue of $105.62 million during the quarter, compared to analysts’ expectations of $100.71 million. During the same period in the prior year, the company earned $0.69 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. As a group, analysts expect that Turning Point Brands, Inc. will post 2.59 earnings per share for the current fiscal year.

Turning Point Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Friday, December 20th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Friday, December 20th. Turning Point Brands’s dividend payout ratio (DPR) is 11.11%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TPB. Roth Capital raised Turning Point Brands to a “strong-buy” rating in a research report on Friday, November 8th. Craig Hallum raised their price target on Turning Point Brands from $60.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Roth Mkm reaffirmed a “buy” rating and set a $70.00 price objective on shares of Turning Point Brands in a research report on Friday, January 10th. Benchmark raised their target price on shares of Turning Point Brands from $45.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, StockNews.com raised shares of Turning Point Brands from a “hold” rating to a “buy” rating in a report on Monday. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Turning Point Brands presently has an average rating of “Buy” and an average 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.