Crown Advisors Management Inc. Buys 15,000 Shares of Turning Point Brands, Inc. $TPB

Crown Advisors Management Inc. increased its stake in Turning Point Brands, Inc. (NYSE:TPB) by 60.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. Turning Point Brands comprises approximately 2.6% of Crown Advisors Management Inc.’s holdings, making the stock its 16th largest holding. Crown Advisors Management Inc.’s holdings in Turning Point Brands were worth $3,954,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH raised its position in Turning Point Brands by 72.1% in 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 during the period. GatePass Capital LLC purchased a new position in shares of Turning Point Brands during the third quarter valued at approximately $1,119,000. Vest Financial LLC purchased a new position in shares of Turning Point Brands during the third quarter valued at approximately $1,419,000. HighTower Advisors LLC bought a new position in shares of Turning Point Brands during the third quarter valued at approximately $3,735,000. Finally, 4D Advisors LLC grew its stake in shares of Turning Point Brands by 133.7% during the second quarter. 4D Advisors LLC now owns 222,000 shares of the company’s stock valued at $16,821,000 after buying an additional 127,000 shares during the last quarter. 96.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Turning Point Brands Trading Up 0.3%

NYSE:TPB opened at $92.72 on Wednesday. Turning Point Brands, Inc. has a one year low of $51.48 and a one year high of $146.90. 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 firm has a market cap of $1.77 billion, a P/E ratio of 29.62 and a beta of 0.85. The firm has a 50-day simple moving average of $117.22 and a 200-day simple moving average of $105.33.

Turning Point Brands Increases Dividend

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

Insider Buying and Selling

In other news, CFO Andrew Flynn sold 2,000 shares of Turning Point Brands stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $97.57, for a total value of $195,140.00. Following the transaction, the chief financial officer directly owned 9,443 shares in the company, valued at approximately $921,353.51. This trade represents a 17.48% decrease in their position. The sale was disclosed in a legal filing 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 on Friday, December 19th. The stock was sold at an average price of $110.26, for a total value 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 approximately $14,012,171.58. The trade was a 19.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 6.60% of the company’s stock.

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.