DCF Advisers LLC Has $2.01 Million Stock Holdings in Turning Point Brands, Inc. (NYSE:TPB)

DCF Advisers LLC trimmed its stake in Turning Point Brands, Inc. (NYSE:TPB) by 53.3% in the fourth quarter, HoldingsChannel reports. The firm owned 33,515 shares of the company’s stock after selling 38,285 shares during the period. DCF Advisers LLC’s holdings in Turning Point Brands were worth $2,014,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TPB. USA Financial Formulas acquired a new stake in Turning Point Brands in the fourth quarter worth $73,000. Levin Capital Strategies L.P. acquired a new stake in Turning Point Brands in the fourth quarter worth $212,000. Entropy Technologies LP acquired a new stake in Turning Point Brands in the fourth quarter worth $234,000. Moran Wealth Management LLC acquired a new stake in Turning Point Brands in the third quarter worth $236,000. Finally, AlphaQuest LLC grew its holdings in Turning Point Brands by 56.4% in the fourth quarter. AlphaQuest LLC now owns 4,131 shares of the company’s stock worth $248,000 after purchasing an additional 1,490 shares during the period. 96.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TPB has been the topic of a number of recent research reports. Craig Hallum raised their price objective on shares of Turning Point Brands from $60.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Industrial Alliance Securities set a $85.00 price objective on shares of Turning Point Brands in a research note on Thursday, March 6th. Alliance Global Partners initiated coverage on shares of Turning Point Brands in a research note on Monday, March 3rd. They issued a “buy” rating and a $80.00 price objective on the stock. StockNews.com lowered shares of Turning Point Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $70.00 price objective on shares of Turning Point Brands in a research note on Friday, January 10th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Turning Point Brands has an average rating of “Buy” and a consensus target price of $73.33.

Turning Point Brands Price Performance

Turning Point Brands stock opened at $57.87 on Friday. Turning Point Brands, Inc. has a 52 week low of $26.45 and a 52 week high of $72.54. The company’s 50 day moving average price is $62.81 and its two-hundred day moving average price is $55.09. The stock has a market cap of $1.03 billion, a P/E ratio of 22.97 and a beta of 0.74. The company has a quick ratio of 1.78, a current ratio of 4.21 and a debt-to-equity ratio of 1.33.

Turning Point Brands Increases Dividend

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

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.