Turning Point Brands, Inc. $TPB Shares Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Turning Point Brands, Inc. (NYSE:TPB) by 72.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 58,377 shares of the company’s stock after purchasing an additional 24,460 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.32% of Turning Point Brands worth $5,771,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TPB. GAMMA Investing LLC lifted its holdings in Turning Point Brands by 90.7% during the 2nd quarter. GAMMA Investing LLC now owns 328 shares of the company’s stock worth $25,000 after buying an additional 156 shares during the last quarter. First Horizon Corp acquired a new stake in shares of Turning Point Brands during the 3rd quarter valued at approximately $25,000. CWM LLC lifted its stake in Turning Point Brands by 17.6% during the third quarter. CWM LLC now owns 2,549 shares of the company’s stock worth $252,000 after purchasing an additional 381 shares during the last quarter. Tidal Investments LLC boosted its holdings in Turning Point Brands by 4.9% in the second quarter. Tidal Investments LLC now owns 8,540 shares of the company’s stock worth $647,000 after purchasing an additional 396 shares during the period. Finally, Briaud Financial Planning Inc acquired a new position in Turning Point Brands in the second quarter worth $31,000. 96.12% of the stock is owned by institutional investors.

Insider Activity at Turning Point Brands

In related news, Director Gregory H.A. Baxter sold 1,500 shares of Turning Point Brands stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $98.23, for a total transaction of $147,345.00. Following the sale, the director directly owned 38,919 shares in the company, valued at $3,823,013.37. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence Wexler sold 21,069 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $100.02, for a total transaction of $2,107,321.38. Following the completion of the sale, the director directly owned 290,765 shares of the company’s stock, valued at $29,082,315.30. The trade was a 6.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 96,220 shares of company stock valued at $9,958,542. 6.60% of the stock is owned by corporate insiders.

Turning Point Brands Price Performance

NYSE TPB opened at $120.40 on Tuesday. The company has a 50-day moving average price of $106.81 and a two-hundred day moving average price of $97.75. Turning Point Brands, Inc. has a 52 week low of $51.48 and a 52 week high of $120.65. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 42.39 and a beta of 0.86. The company has a current ratio of 5.56, a quick ratio of 3.98 and a debt-to-equity ratio of 0.82.

Turning Point Brands (NYSE:TPB) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.46. Turning Point Brands had a return on equity of 24.44% and a net margin of 12.02%.The business had revenue of $118.98 million during the quarter, compared to the consensus estimate of $111.42 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. Analysts forecast that Turning Point Brands, Inc. will post 2.59 EPS for the current year.

Turning Point Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 19th were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a $0.30 annualized dividend and a dividend yield of 0.2%. Turning Point Brands’s dividend payout ratio is presently 10.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Alliance Global Partners raised their price target on shares of Turning Point Brands from $103.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Industrial Alliance Securities set a $110.00 price objective on shares of Turning Point Brands in a research note on Wednesday, November 5th. Weiss Ratings restated a “buy (b-)” rating on shares of Turning Point Brands in a research note on Tuesday, December 23rd. Wall Street Zen lowered Turning Point Brands from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Zacks Research downgraded Turning Point Brands from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Turning Point Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.67.

Turning Point Brands Profile

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.