Insider Buying: Turning Point Brands Inc (NYSE:TPB) Director Purchases 2,000 Shares of Stock

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Turning Point Brands Inc (NYSE:TPB) Director H.C. Charles Diao bought 2,000 shares of Turning Point Brands stock in a transaction that occurred on Friday, August 2nd. The shares were bought at an average cost of $37.70 per share, with a total value of $75,400.00. Following the acquisition, the director now directly owns 14,000 shares in the company, valued at approximately $527,800. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

H.C. Charles Diao also recently made the following trade(s):

  • On Tuesday, May 21st, H.C. Charles Diao bought 2,000 shares of Turning Point Brands stock. The shares were bought at an average cost of $50.54 per share, with a total value of $101,080.00.

NYSE TPB opened at $39.15 on Thursday. The company has a quick ratio of 0.39, a current ratio of 1.78 and a debt-to-equity ratio of 1.80. The company has a market cap of $752.91 million, a P/E ratio of 20.26 and a beta of 0.64. Turning Point Brands Inc has a 12-month low of $26.39 and a 12-month high of $57.06. The firm has a 50-day simple moving average of $47.69.

Turning Point Brands (NYSE:TPB) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. The firm had revenue of $93.30 million during the quarter, compared to the consensus estimate of $93.30 million. Turning Point Brands had a net margin of 9.02% and a return on equity of 42.97%. The business’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 EPS. As a group, research analysts forecast that Turning Point Brands Inc will post 1.98 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 20th will be issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Thursday, September 19th. Turning Point Brands’s dividend payout ratio is currently 10.53%.

Several analysts recently commented on TPB shares. Zacks Investment Research raised shares of Turning Point Brands from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Tuesday, July 30th. TheStreet raised shares of Turning Point Brands from a “c-” rating to a “b-” rating in a report on Friday, May 10th. Finally, ValuEngine downgraded shares of Turning Point Brands from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Turning Point Brands has an average rating of “Buy” and an average target price of $51.00.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can raised its position in shares of Turning Point Brands by 960.1% in the 4th quarter. Great West Life Assurance Co. Can now owns 1,993 shares of the company’s stock valued at $52,000 after buying an additional 1,805 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Turning Point Brands in the 2nd quarter valued at approximately $55,000. Metropolitan Life Insurance Co. NY raised its position in shares of Turning Point Brands by 356.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,825 shares of the company’s stock valued at $77,000 after buying an additional 2,206 shares in the last quarter. Ibex Investors LLC acquired a new position in shares of Turning Point Brands in the 2nd quarter valued at approximately $229,000. Finally, CAPROCK Group Inc. acquired a new position in shares of Turning Point Brands in the 1st quarter valued at approximately $301,000. 30.98% of the stock is owned by hedge funds and other institutional investors.

Turning Point Brands Company Profile

Turning Point Brands, Inc, together with its subsidiaries, provides other tobacco products in the United States. The company operates in three segments: Smokeless Products, Smoking Products, and NewGen Products. The Smokeless Products segment manufactures and markets moist snuff; and contracts for and markets loose leaf chewing tobacco products.

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Insider Buying and Selling by Quarter for Turning Point Brands (NYSE:TPB)

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