Insider Selling: Turning Point Brands (TPB) VP Sells 600 Shares of Stock

Turning Point Brands (NYSE:TPB) VP James Michael Murray sold 600 shares of Turning Point Brands stock in a transaction dated Wednesday, April 11th. The stock was sold at an average price of $20.58, for a total value of $12,348.00. Following the transaction, the vice president now owns 21,729 shares of the company’s stock, valued at approximately $447,182.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

James Michael Murray also recently made the following trade(s):

  • On Monday, April 9th, James Michael Murray sold 300 shares of Turning Point Brands stock. The stock was sold at an average price of $20.19, for a total value of $6,057.00.
  • On Thursday, April 5th, James Michael Murray sold 300 shares of Turning Point Brands stock. The stock was sold at an average price of $20.08, for a total value of $6,024.00.
  • On Tuesday, March 27th, James Michael Murray sold 1 shares of Turning Point Brands stock. The stock was sold at an average price of $20.00, for a total value of $20.00.

Shares of TPB stock opened at $21.16 on Thursday. The company has a debt-to-equity ratio of 3.49, a current ratio of 2.08 and a quick ratio of 0.42. The company has a market cap of $410.51, a price-to-earnings ratio of 16.57 and a beta of 0.80. Turning Point Brands has a 12-month low of $14.45 and a 12-month high of $22.99.



Turning Point Brands (NYSE:TPB) last issued its quarterly earnings data on Thursday, March 8th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.10). The company had revenue of $73.56 million for the quarter, compared to analyst estimates of $72.35 million. Turning Point Brands had a return on equity of 55.65% and a net margin of 7.07%. The company’s revenue was up 36.7% on a year-over-year basis. During the same quarter last year, the business earned $0.87 earnings per share. sell-side analysts anticipate that Turning Point Brands will post 1.37 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Monday, March 26th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, March 23rd. This represents a $0.16 annualized dividend and a yield of 0.76%. Turning Point Brands’s dividend payout ratio (DPR) is presently 14.81%.

A number of hedge funds have recently modified their holdings of the business. Millennium Management LLC lifted its position in Turning Point Brands by 68.3% during the fourth quarter. Millennium Management LLC now owns 42,500 shares of the company’s stock worth $898,000 after acquiring an additional 17,252 shares during the last quarter. Brigade Capital Management LP lifted its position in Turning Point Brands by 10.5% during the fourth quarter. Brigade Capital Management LP now owns 321,573 shares of the company’s stock worth $6,795,000 after acquiring an additional 30,527 shares during the last quarter. Deutsche Bank AG lifted its position in Turning Point Brands by 82.5% during the fourth quarter. Deutsche Bank AG now owns 73,862 shares of the company’s stock worth $1,560,000 after acquiring an additional 33,398 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in Turning Point Brands during the fourth quarter worth approximately $381,000. Finally, Renaissance Technologies LLC lifted its position in Turning Point Brands by 131.3% during the fourth quarter. Renaissance Technologies LLC now owns 182,300 shares of the company’s stock worth $3,852,000 after acquiring an additional 103,500 shares during the last quarter. Hedge funds and other institutional investors own 19.83% of the company’s stock.

A number of equities analysts recently commented on TPB shares. Zacks Investment Research cut Turning Point Brands from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 14th. Cowen restated a “buy” rating on shares of Turning Point Brands in a research report on Thursday, March 15th.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Dakota Financial News and is the sole property of of Dakota Financial News. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://dakotafinancialnews.com/2018/04/12/insider-selling-turning-point-brands-tpb-vp-sells-600-shares-of-stock.html.

Turning Point Brands Company Profile

Turning Point Brands, Inc, together with its subsidiaries, provides other tobacco products primarily in the United States. It operates through 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.

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

Receive News & Ratings for Turning Point Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turning Point Brands and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply