Turning Point Brands, Inc. $TPB Shares Sold by Militia Capital Partners LP

Militia Capital Partners LP cut its holdings in Turning Point Brands, Inc. (NYSE:TPB) by 26.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,000 shares of the company’s stock after selling 6,000 shares during the quarter. Militia Capital Partners LP’s holdings in Turning Point Brands were worth $1,681,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TPB. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Turning Point Brands by 72.1% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 58,377 shares of the company’s stock worth $5,771,000 after purchasing an additional 24,460 shares in the last quarter. GatePass Capital LLC purchased a new position in shares of Turning Point Brands in the 3rd quarter valued at about $1,119,000. Vest Financial LLC acquired a new stake in shares of Turning Point Brands in the third quarter valued at about $1,419,000. HighTower Advisors LLC acquired a new stake in shares of Turning Point Brands in the third quarter valued at about $3,735,000. Finally, 4D Advisors LLC boosted its holdings in Turning Point Brands by 133.7% during the second quarter. 4D Advisors LLC now owns 222,000 shares of the company’s stock worth $16,821,000 after buying an additional 127,000 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

Insider Transactions at Turning Point Brands

In related news, CFO Andrew Flynn sold 2,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $97.57, for a total value of $195,140.00. Following the completion of the transaction, the chief financial officer owned 9,443 shares of the company’s stock, valued at approximately $921,353.51. The trade was a 17.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman David Edward Glazek sold 30,000 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $110.26, for a total transaction of $3,307,800.00. Following the completion of the transaction, the chairman directly owned 127,083 shares of the company’s stock, valued at $14,012,171.58. The trade was a 19.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TPB. Zacks Research lowered shares of Turning Point Brands from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Turning Point Brands in a research note on Tuesday, December 23rd. Oppenheimer reissued an “outperform” rating and issued a $130.00 price objective on shares of Turning Point Brands in a research note on Wednesday, January 14th. Finally, Wall Street Zen downgraded shares of Turning Point Brands from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $116.67.

Turning Point Brands Stock Performance

Turning Point Brands stock opened at $92.36 on Tuesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 4.12 and a current ratio of 5.56. The stock has a fifty day moving average of $117.43 and a two-hundred day moving average of $105.38. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 29.51 and a beta of 0.85. Turning Point Brands, Inc. has a fifty-two week low of $51.48 and a fifty-two week high of $146.90.

Turning Point Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 20th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, March 20th. This is an increase from Turning Point Brands’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.3%. Turning Point Brands’s dividend payout ratio is 9.58%.

Turning Point Brands Company 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.