Virtus Advisers LLC Makes New Investment in Tootsie Roll Industries, Inc. $TR

Virtus Advisers LLC purchased a new position in Tootsie Roll Industries, Inc. (NYSE:TR) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,536 shares of the company’s stock, valued at approximately $654,000.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of Tootsie Roll Industries by 680.2% in the 2nd quarter. Versant Capital Management Inc now owns 944 shares of the company’s stock valued at $37,000 after acquiring an additional 823 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Tootsie Roll Industries by 48.1% during the first quarter. EverSource Wealth Advisors LLC now owns 958 shares of the company’s stock worth $41,000 after purchasing an additional 311 shares during the period. Sound Income Strategies LLC grew its holdings in Tootsie Roll Industries by 1,931.9% during the first quarter. Sound Income Strategies LLC now owns 1,402 shares of the company’s stock valued at $60,000 after purchasing an additional 1,333 shares during the last quarter. State of Wyoming acquired a new position in Tootsie Roll Industries during the fourth quarter valued at approximately $58,000. Finally, iSAM Funds UK Ltd acquired a new position in Tootsie Roll Industries during the third quarter valued at approximately $136,000. Institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Trading Up 1.4%

Shares of Tootsie Roll Industries stock opened at $41.83 on Friday. Tootsie Roll Industries, Inc. has a 1 year low of $34.44 and a 1 year high of $45.06. The company’s fifty day simple moving average is $38.97 and its 200-day simple moving average is $40.45. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 32.58 and a beta of 0.39.

Tootsie Roll Industries (NYSE:TR) last released its earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. Tootsie Roll Industries had a net margin of 13.14% and a return on equity of 10.16%. The firm had revenue of $154.22 million during the quarter.

Tootsie Roll Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.36 annualized dividend and a dividend yield of 0.9%. Tootsie Roll Industries’s payout ratio is presently 28.12%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Tootsie Roll Industries in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Tootsie Roll Industries has an average rating of “Hold”.

Tootsie Roll Industries Profile

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.