Turning Point Brands Inc (NYSE:TPB) major shareholder General L.P. Standard bought 153,079 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The stock was bought at an average price of $34.60 per share, with a total value of $5,296,533.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

TPB traded up $2.54 during trading on Friday, hitting $39.80. The company’s stock had a trading volume of 294,400 shares, compared to its average volume of 81,536. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.55 and a current ratio of 2.03. The company has a market capitalization of $668.26 million, a PE ratio of 34.50 and a beta of 0.77. Turning Point Brands Inc has a twelve month low of $15.34 and a twelve month high of $39.91.

Turning Point Brands (NYSE:TPB) last released its quarterly earnings data on Wednesday, August 8th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. Turning Point Brands had a return on equity of 51.44% and a net margin of 7.70%. The business had revenue of $81.10 million during the quarter, compared to the consensus estimate of $82.40 million. During the same period in the prior year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. equities research analysts forecast that Turning Point Brands Inc will post 1.74 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Shareholders of record on Friday, September 21st will be given a $0.04 dividend. The ex-dividend date is Thursday, September 20th. This represents a $0.16 dividend on an annualized basis and a yield of 0.40%. Turning Point Brands’s payout ratio is currently 14.81%.

A number of analysts have weighed in on TPB shares. Zacks Investment Research upgraded Turning Point Brands from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, May 16th. B. Riley boosted their price target on Turning Point Brands from $30.00 to $34.00 and gave the company a “$32.61” rating in a research report on Wednesday, July 18th. Finally, Cowen restated a “buy” rating on shares of Turning Point Brands in a research report on Friday, August 10th.

A number of large investors have recently bought and sold shares of TPB. OppenheimerFunds Inc. bought a new position in shares of Turning Point Brands during the second quarter worth about $200,000. Rhumbline Advisers acquired a new stake in Turning Point Brands during the second quarter worth about $239,000. Macquarie Group Ltd. acquired a new stake in shares of Turning Point Brands in the second quarter valued at approximately $267,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Turning Point Brands in the first quarter valued at approximately $234,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Turning Point Brands in the second quarter valued at approximately $408,000. 26.68% of the stock is owned by institutional investors.

About Turning Point Brands

Turning Point Brands, Inc, together with its subsidiaries, provides other tobacco products primarily in the United States. It operates through three segments: Smokeless Products, Smoking Products, and NewGen Products. The Smokeless Products segment manufactures and markets moist snuff; and contracts for and markets loose leaf chewing tobacco products.

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Insider Buying and Selling by Quarter for Turning Point Brands (NYSE:TPB)

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