Turning Point Brands, Inc. (NYSE:TPB) Director H.C. Charles Diao bought 7,697 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was purchased at an average cost of $15.91 per share, for a total transaction of $122,459.27. Following the completion of the acquisition, the director now owns 11,000 shares in the company, valued at $175,010. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
H.C. Charles Diao also recently made the following trade(s):
- On Friday, August 18th, H.C. Charles Diao bought 3,303 shares of Turning Point Brands stock. The stock was purchased at an average cost of $16.49 per share, for a total transaction of $54,466.47.
Turning Point Brands, Inc. (TPB) traded down $0.16 on Friday, hitting $16.73. 44,863 shares of the stock were exchanged, compared to its average volume of 46,803. Turning Point Brands, Inc. has a one year low of $11.67 and a one year high of $18.99. The company has a current ratio of 1.81, a quick ratio of 0.37 and a debt-to-equity ratio of 3.77. The firm has a market cap of $318.34 and a P/E ratio of 8.45.
Turning Point Brands (NYSE:TPB) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.06). Turning Point Brands had a net margin of 12.70% and a return on equity of 93.53%. The company had revenue of $73.30 million during the quarter, compared to analyst estimates of $71.15 million. During the same quarter in the previous year, the business posted $0.34 earnings per share. The company’s revenue for the quarter was up 43.9% on a year-over-year basis. equities analysts predict that Turning Point Brands, Inc. will post 1.15 earnings per share for the current fiscal year.
The business also recently declared an annual dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 27th will be paid a $0.04 dividend. The ex-dividend date is Friday, November 24th.
Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in Turning Point Brands by 55.7% during the 1st quarter. Bank of New York Mellon Corp now owns 40,236 shares of the company’s stock worth $628,000 after buying an additional 14,396 shares during the period. Wells Fargo & Company MN boosted its position in Turning Point Brands by 30.5% during the 2nd quarter. Wells Fargo & Company MN now owns 62,412 shares of the company’s stock worth $957,000 after buying an additional 14,584 shares during the period. Renaissance Technologies LLC acquired a new stake in Turning Point Brands during the 1st quarter worth approximately $658,000. Argent Capital Management LLC acquired a new stake in Turning Point Brands during the 2nd quarter worth approximately $2,552,000. Finally, Spark Investment Management LLC boosted its position in Turning Point Brands by 133.5% during the 2nd quarter. Spark Investment Management LLC now owns 54,643 shares of the company’s stock worth $838,000 after buying an additional 31,243 shares during the period. Institutional investors and hedge funds own 15.11% of the company’s stock.
Several equities analysts have commented on TPB shares. Cowen and Company reissued a “buy” rating and issued a $20.00 target price on shares of Turning Point Brands in a report on Sunday, September 17th. B. Riley reissued a “buy” rating and issued a $20.00 target price on shares of Turning Point Brands in a report on Friday, November 10th. FBR & Co reissued a “buy” rating and issued a $17.00 target price on shares of Turning Point Brands in a report on Monday, October 2nd. Finally, Zacks Investment Research raised shares of Turning Point Brands from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th.
About Turning Point Brands
Turning Point Brands, Inc is an independent provider of Other Tobacco Products (OTP) in the United States. The Company operates in three segments smokeless products, smoking products and NewGen products. The smokeless products segment manufactures and markets moist snuff; and contracts for and markets chewing tobacco products.
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