DCF Advisers LLC Sells 38,285 Shares of Turning Point Brands, Inc. (NYSE:TPB)

DCF Advisers LLC decreased its stake in Turning Point Brands, Inc. (NYSE:TPB) by 53.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,515 shares of the company’s stock after selling 38,285 shares during the period. DCF Advisers LLC owned about 0.19% of Turning Point Brands worth $2,014,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in Turning Point Brands by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 405,613 shares of the company’s stock valued at $17,506,000 after purchasing an additional 15,344 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Turning Point Brands by 40.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 203,706 shares of the company’s stock valued at $12,243,000 after purchasing an additional 58,425 shares during the last quarter. First Sabrepoint Capital Management LP bought a new position in Turning Point Brands in the 3rd quarter valued at approximately $7,517,000. JPMorgan Chase & Co. lifted its stake in Turning Point Brands by 84.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,079 shares of the company’s stock valued at $5,311,000 after purchasing an additional 56,364 shares during the last quarter. Finally, Access Investment Management LLC increased its position in Turning Point Brands by 0.4% in the 4th quarter. Access Investment Management LLC now owns 122,125 shares of the company’s stock valued at $7,340,000 after acquiring an additional 540 shares during the period. Institutional investors own 96.12% of the company’s stock.

Turning Point Brands Trading Up 0.3 %

TPB opened at $57.87 on Friday. Turning Point Brands, Inc. has a twelve month low of $26.45 and a twelve month high of $72.54. The company has a quick ratio of 1.78, a current ratio of 4.21 and a debt-to-equity ratio of 1.33. The company has a fifty day moving average of $62.81 and a 200-day moving average of $55.09. The stock has a market cap of $1.03 billion, a PE ratio of 22.97 and a beta of 0.74.

Turning Point Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 11th. Stockholders of record on Friday, March 21st will be given a dividend of $0.075 per share. The ex-dividend date is Friday, March 21st. This is a boost from Turning Point Brands’s previous quarterly dividend of $0.07. This represents a $0.30 annualized dividend and a dividend yield of 0.52%. Turning Point Brands’s dividend payout ratio is 14.15%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TPB. Industrial Alliance Securities set a $85.00 price target on shares of Turning Point Brands in a research report on Thursday, March 6th. Roth Mkm restated a “buy” rating and issued a $70.00 price target on shares of Turning Point Brands in a research report on Friday, January 10th. Alliance Global Partners began coverage on shares of Turning Point Brands in a research report on Monday, March 3rd. They issued a “buy” rating and a $80.00 price target for the company. Craig Hallum upped their price target on shares of Turning Point Brands from $60.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, StockNews.com cut shares of Turning Point Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, March 11th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $73.33.

Turning Point Brands Company 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.