Turning Point Brands, Inc. (TPB) Director Buys $122,459.27 in Stock

Turning Point Brands, Inc. (NYSE:TPB) Director H.C. Charles Diao purchased 7,697 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average price of $15.91 per share, for a total transaction of $122,459.27. Following the transaction, the director now owns 11,000 shares of the company’s stock, valued at approximately $175,010. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Friday, August 18th, H.C. Charles Diao purchased 3,303 shares of Turning Point Brands stock. The shares were purchased at an average price of $16.49 per share, for a total transaction of $54,466.47.

Shares of Turning Point Brands, Inc. (NYSE TPB) traded down $0.16 during midday trading on Friday, hitting $16.73. 44,863 shares of the stock traded hands, compared to its average volume of 46,803. Turning Point Brands, Inc. has a 1-year low of $11.67 and a 1-year high of $18.99. The firm has a market capitalization of $318.34 and a price-to-earnings ratio of 8.45. The company has a current ratio of 1.81, a quick ratio of 0.37 and a debt-to-equity ratio of 3.77.

Turning Point Brands (NYSE:TPB) last announced its earnings results on Thursday, November 9th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.06). Turning Point Brands had a net margin of 12.70% and a return on equity of 93.53%. The company had revenue of $73.30 million during the quarter, compared to analyst estimates of $71.15 million. During the same quarter last year, the business earned $0.34 EPS. The firm’s revenue for the quarter was up 43.9% compared to the same quarter last year. equities analysts expect that Turning Point Brands, Inc. will post 1.15 EPS for the current fiscal year.

The business also recently announced an annual dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 27th will be given a $0.04 dividend. The ex-dividend date is Friday, November 24th.

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Several analysts recently commented on TPB shares. FBR & Co restated a “buy” rating and set a $17.00 price target on shares of Turning Point Brands in a research report on Monday, October 2nd. Cowen and Company restated a “buy” rating and set a $20.00 price target on shares of Turning Point Brands in a research report on Sunday, September 17th. Zacks Investment Research upgraded shares of Turning Point Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, B. Riley restated a “buy” rating and set a $20.00 price target on shares of Turning Point Brands in a research report on Friday, November 10th.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Argent Capital Management LLC grew its position in shares of Turning Point Brands by 8.7% in the third quarter. Argent Capital Management LLC now owns 180,929 shares of the company’s stock valued at $3,076,000 after purchasing an additional 14,555 shares during the period. OxFORD Asset Management LLP acquired a new stake in shares of Turning Point Brands in the third quarter valued at about $197,000. Wells Fargo & Company MN boosted its position in Turning Point Brands by 30.2% during the third quarter. Wells Fargo & Company MN now owns 81,278 shares of the company’s stock worth $1,383,000 after acquiring an additional 18,866 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Turning Point Brands by 11.1% during the third quarter. Bank of New York Mellon Corp now owns 42,473 shares of the company’s stock worth $722,000 after acquiring an additional 4,256 shares during the last quarter. Finally, State Street Corp boosted its position in Turning Point Brands by 5.8% during the second quarter. State Street Corp now owns 84,823 shares of the company’s stock worth $1,301,000 after acquiring an additional 4,663 shares during the last quarter. Institutional investors and hedge funds own 15.11% of the company’s stock.

Turning Point Brands Company Profile

Turning Point Brands, Inc is an independent provider of Other Tobacco Products (OTP) 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 chewing tobacco products.

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

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