Parallel Advisors LLC Raises Position in Tootsie Roll Industries, Inc. (TR)

Parallel Advisors LLC increased its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 156.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,478 shares of the company’s stock after acquiring an additional 2,121 shares during the quarter. Parallel Advisors LLC’s holdings in Tootsie Roll Industries were worth $102,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TR. Dimensional Fund Advisors LP boosted its position in shares of Tootsie Roll Industries by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 540,930 shares of the company’s stock worth $15,930,000 after acquiring an additional 14,019 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Tootsie Roll Industries by 4.9% during the first quarter. Principal Financial Group Inc. now owns 82,200 shares of the company’s stock worth $2,421,000 after acquiring an additional 3,875 shares during the last quarter. Guggenheim Capital LLC lifted its position in Tootsie Roll Industries by 42.9% during the first quarter. Guggenheim Capital LLC now owns 12,095 shares of the company’s stock valued at $356,000 after purchasing an additional 3,630 shares during the last quarter. Legal & General Group Plc lifted its position in Tootsie Roll Industries by 65.0% during the first quarter. Legal & General Group Plc now owns 24,548 shares of the company’s stock valued at $723,000 after purchasing an additional 9,672 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in Tootsie Roll Industries during the second quarter valued at $611,000. Hedge funds and other institutional investors own 21.70% of the company’s stock.

TR stock opened at $32.34 on Wednesday. Tootsie Roll Industries, Inc. has a 52 week low of $27.45 and a 52 week high of $38.15. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 26.21 and a beta of 0.30.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 18th. Shareholders of record on Monday, October 8th were given a dividend of $0.09 per share. The ex-dividend date was Thursday, October 4th. This represents a $0.36 annualized dividend and a yield of 1.11%.

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Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc, together with its subsidiaries, manufactures and sells confectionery products primarily in the United States, Canada, and Mexico. The company sells its products under the TOOTSIE ROLL, TOOTSIE POPS, CHILD'S PLAY, CARAMEL APPLE POPS, CHARMS, BLOW-POP, CHARMS MINI POPS, CELLA'S, DOTS, JUNIOR MINTS, CHARLESTON CHEW, SUGAR DADDY, SUGAR BABIES, ANDES, FLUFFY STUFF, DUBBLE BUBBLE, RAZZLES, CRY BABY, NIK-L-NIP, and TUTSI POP trademarks.

See Also: Hedge Funds Explained

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Institutional Ownership by Quarter for Tootsie Roll Industries (NYSE:TR)

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