Turning Point Brands, Inc. (NYSE:TPB) Shares Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC boosted its stake in Turning Point Brands, Inc. (NYSE:TPB) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,089 shares of the company’s stock after acquiring an additional 840 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Turning Point Brands were worth $426,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new position in Turning Point Brands during the 4th quarter worth approximately $73,000. Levin Capital Strategies L.P. purchased a new stake in shares of Turning Point Brands during the 4th quarter worth approximately $212,000. Entropy Technologies LP purchased a new stake in shares of Turning Point Brands during the 4th quarter worth approximately $234,000. Moran Wealth Management LLC purchased a new stake in shares of Turning Point Brands during the 3rd quarter worth approximately $236,000. Finally, AlphaQuest LLC boosted its stake in shares of Turning Point Brands by 56.4% during the 4th quarter. AlphaQuest LLC now owns 4,131 shares of the company’s stock worth $248,000 after acquiring an additional 1,490 shares in the last quarter. Institutional investors and hedge funds own 96.12% of the company’s stock.

Turning Point Brands Trading Down 0.4 %

NYSE TPB opened at $57.97 on Tuesday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 23.00 and a beta of 0.75. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 4.21. Turning Point Brands, Inc. has a one year low of $26.45 and a one year high of $72.54. The company’s 50 day moving average price is $62.73 and its 200 day moving average price is $54.93.

Turning Point Brands Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Friday, March 21st. This is an increase from Turning Point Brands’s previous quarterly dividend of $0.07. Turning Point Brands’s dividend payout ratio (DPR) is currently 14.15%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Alliance Global Partners assumed coverage on Turning Point Brands in a research note on Monday, March 3rd. They set a “buy” rating and a $80.00 price target on the stock. Industrial Alliance Securities set a $85.00 price target on Turning Point Brands in a report on Thursday, March 6th. Roth Mkm reiterated a “buy” rating and issued a $70.00 price target on shares of Turning Point Brands in a report on Friday, January 10th. Craig Hallum boosted their price target on Turning Point Brands from $60.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, StockNews.com downgraded Turning Point Brands from a “buy” rating to a “hold” rating in a report on Tuesday, March 11th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $73.33.

Turning Point Brands Profile

Turning Point Brands, Inc, together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker’s Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand.