Byrne Asset Management LLC Makes New Investment in Tootsie Roll Industries, Inc. (NYSE:TR)

Byrne Asset Management LLC bought a new stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 840 shares of the company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. nVerses Capital LLC bought a new position in Tootsie Roll Industries during the third quarter valued at $43,000. GAMMA Investing LLC grew its stake in shares of 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 acquiring an additional 1,033 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Tootsie Roll Industries in the 3rd quarter worth about $96,000. US Bancorp DE lifted its holdings in Tootsie Roll Industries by 70.9% during the third quarter. US Bancorp DE now owns 4,927 shares of the company’s stock valued at $153,000 after purchasing an additional 2,044 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new position in Tootsie Roll Industries during the fourth quarter worth about $176,000. 14.28% of the stock is owned by institutional investors.

Tootsie Roll Industries Trading Down 0.1 %

Shares of TR stock opened at $30.58 on Friday. The firm’s 50 day moving average is $31.72 and its 200 day moving average is $30.98. The stock has a market capitalization of $2.18 billion, a P/E ratio of 23.38 and a beta of 0.21. Tootsie Roll Industries, Inc. has a 12 month low of $27.58 and a 12 month high of $34.00.

Tootsie Roll Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Wednesday, December 18th. Tootsie Roll Industries’s payout ratio is currently 27.53%.

Tootsie Roll Industries Profile

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.