Seizert Capital Partners LLC Lowers Stock Holdings in Turning Point Brands, Inc. (NYSE:TPB)

Seizert Capital Partners LLC reduced its position in shares of Turning Point Brands, Inc. (NYSE:TPB) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,274 shares of the company’s stock after selling 278 shares during the period. Seizert Capital Partners LLC owned about 0.05% of Turning Point Brands worth $557,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. USA Financial Formulas purchased a new position in shares of Turning Point Brands during the fourth quarter worth $73,000. Levin Capital Strategies L.P. purchased a new position in shares of Turning Point Brands during the fourth quarter worth $212,000. Entropy Technologies LP purchased a new position in Turning Point Brands in the fourth quarter valued at $234,000. Legato Capital Management LLC purchased a new position in Turning Point Brands in the fourth quarter valued at $278,000. Finally, Aigen Investment Management LP purchased a new position in Turning Point Brands in the third quarter valued at $221,000. 96.12% of the stock is currently owned by hedge funds and other institutional investors.

Turning Point Brands Stock Up 0.0 %

Turning Point Brands stock opened at $67.02 on Thursday. Turning Point Brands, Inc. has a 1-year low of $26.14 and a 1-year high of $72.54. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.21 and a quick ratio of 1.78. The stock has a market cap of $1.19 billion, a PE ratio of 26.59 and a beta of 0.74. The stock’s fifty day moving average is $62.82 and its two-hundred day moving average is $53.72.

Turning Point Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 11th. Shareholders of record on Friday, March 21st will be paid a $0.075 dividend. 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 dividend on an annualized basis and a yield of 0.45%. Turning Point Brands’s dividend payout ratio (DPR) is currently 11.90%.

Analyst Upgrades and Downgrades

TPB has been the subject of a number of recent research reports. Craig Hallum lifted their target price on Turning Point Brands from $60.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Roth Mkm reiterated a “buy” rating and issued a $70.00 target price on shares of Turning Point Brands in a report on Friday, January 10th. Alliance Global Partners initiated coverage on Turning Point Brands in a report on Monday. They issued a “buy” rating and a $80.00 target price for the company. Roth Capital upgraded Turning Point Brands to a “strong-buy” rating in a report on Friday, November 8th. Finally, Oppenheimer assumed coverage on Turning Point Brands in a report on Thursday, November 14th. They issued an “outperform” rating and a $65.00 target price for the company. Six equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $71.00.

Turning Point Brands 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.