Turning Point Brands Inc. (NYSE:TPB) VP James Michael Murray sold 13,592 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $14.00, for a total transaction of $190,288.00. Following the sale, the vice president now directly owns 141 shares in the company, valued at approximately $1,974. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Turning Point Brands Inc. (NYSE:TPB) opened at 14.48 on Tuesday. The company has a 50 day moving average of $13.29 and a 200 day moving average of $11.80. Turning Point Brands Inc. has a 52 week low of $6.46 and a 52 week high of $16.14. The company has a market cap of $265.58 million and a PE ratio of 17.55.

Turning Point Brands (NYSE:TPB) last announced its quarterly earnings results on Thursday, November 10th. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.05. The company had revenue of $51 million for the quarter, compared to the consensus estimate of $50.75 million. The business’s revenue was down .8% compared to the same quarter last year. On average, analysts expect that Turning Point Brands Inc. will post $1.25 EPS for the current year.

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A number of analysts have weighed in on TPB shares. Zacks Investment Research raised shares of Turning Point Brands from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research note on Tuesday, October 18th. FBR & Co boosted their target price on shares of Turning Point Brands from $13.00 to $14.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 11th.

Several hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp acquired a new stake in shares of Turning Point Brands during the third quarter worth approximately $124,000. Wells Fargo & Company MN boosted its stake in shares of Turning Point Brands by 6.0% in the third quarter. Wells Fargo & Company MN now owns 27,636 shares of the company’s stock worth $332,000 after buying an additional 1,561 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Turning Point Brands by 0.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 39,915 shares of the company’s stock worth $480,000 after buying an additional 172 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Turning Point Brands by 382.1% in the third quarter. Northern Trust Corp now owns 58,625 shares of the company’s stock worth $705,000 after buying an additional 46,465 shares during the last quarter. Finally, Standard General L.P. boosted its stake in shares of Turning Point Brands by 4.5% in the third quarter. Standard General L.P. now owns 10,175,463 shares of the company’s stock worth $122,309,000 after buying an additional 442,558 shares during the last quarter. Institutional investors own 68.81% of the company’s stock.

About Turning Point Brands

Turning Point Brands, Inc, formerly North Atlantic Holding Company, Inc, is a provider of Other Tobacco Products (OTP) in the United States. The Company operates through three segments: smokeless products, smoking products and NewGen products. The Smokeless products market consists of approximately four product categories, which includes loose leaf chewing tobacco, Moist Snuff, Moist Snuff Pouches and Snus.

5 Day Chart for NYSE:TPB

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