DCF Advisers LLC Invests $636,000 in Turning Point Brands, Inc. $TPB

DCF Advisers LLC acquired a new stake in shares of Turning Point Brands, Inc. (NYSE:TPB) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,500 shares of the company’s stock, valued at approximately $636,000.

Several other institutional investors have also bought and sold shares of TPB. BlackRock Inc. bought a new stake in shares of Turning Point Brands in the 2nd quarter worth $137,273,000. Lord Abbett & CO. LLC acquired a new position in Turning Point Brands during the fourth quarter worth about $28,454,000. Madison Avenue Partners LP acquired a new position in Turning Point Brands during the fourth quarter worth about $26,853,000. Wellington Management Group LLP bought a new stake in Turning Point Brands in the third quarter worth about $20,788,000. Finally, First Trust Advisors LP raised its position in Turning Point Brands by 72.4% in the fourth quarter. First Trust Advisors LP now owns 494,262 shares of the company’s stock worth $53,578,000 after acquiring an additional 207,604 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TPB. Needham & Company LLC raised shares of Turning Point Brands from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research note on Friday, May 8th. Compass Point set a $116.00 price target on shares of Turning Point Brands in a research report on Monday, August 10th. BTIG Research reaffirmed a “buy” rating on shares of Turning Point Brands in a report on Monday, August 10th. Weiss Ratings downgraded Turning Point Brands from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 2nd. Finally, Wall Street Zen raised Turning Point Brands from a “strong sell” rating to a “sell” rating in a research note on Monday, August 10th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $115.67.

Turning Point Brands Stock Up 2.1%

Shares of NYSE:TPB opened at $88.28 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 4.16 and a current ratio of 5.67. The company has a market cap of $1.71 billion, a PE ratio of 37.89 and a beta of 0.91. Turning Point Brands, Inc. has a 52 week low of $65.80 and a 52 week high of $146.90. The firm has a 50 day simple moving average of $82.93 and a 200 day simple moving average of $91.39.

Turning Point Brands (NYSE:TPB) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.11. Turning Point Brands had a net margin of 8.78% and a return on equity of 11.35%. The firm had revenue of $142.96 million for the quarter, compared to analysts’ expectations of $129.56 million. During the same period in the previous year, the company posted $0.98 EPS. The company’s quarterly revenue was up 22.6% compared to the same quarter last year. As a group, research analysts expect that Turning Point Brands, Inc. will post 1.23 earnings per share for the current year.

Turning Point Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 18th. Turning Point Brands’s dividend payout ratio (DPR) is 13.73%.

About Turning Point Brands

Turning Point Brands, Inc (NYSE: TPB) is a U.S.-based consumer products company focused on the manufacture, marketing and distribution of smokeless tobacco, vaping and cigar products. Headquartered in Old Hickory, Tennessee, the company serves retail outlets across all 50 states through a direct-store-delivery network and select third-party distributors. Turning Point Brands operates two reporting segments—Smokeless Products and Cigar—and leverages its logistics capabilities to offer a broad portfolio of brands and SKUs.

In its Smokeless Products segment, Turning Point Brands produces moist smokeless tobacco under leading brand names such as Grizzly, Kodiak and Stoker’s.