Insider Selling: Turning Point Brands Inc (TPB) VP Sells 1,000 Shares of Stock

Turning Point Brands Inc (NYSE:TPB) VP James Michael Murray sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $37.50, for a total value of $37,500.00. Following the completion of the transaction, the vice president now directly owns 33,246 shares of the company’s stock, valued at $1,246,725. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Wednesday, October 31st, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The stock was sold at an average price of $41.48, for a total value of $41,480.00.
  • On Wednesday, October 24th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The stock was sold at an average price of $40.76, for a total value of $40,760.00.
  • On Wednesday, October 17th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The stock was sold at an average price of $41.56, for a total value of $41,560.00.
  • On Wednesday, October 10th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The stock was sold at an average price of $43.09, for a total value of $43,090.00.
  • On Wednesday, October 3rd, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The stock was sold at an average price of $40.36, for a total value of $40,360.00.
  • On Wednesday, September 26th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The stock was sold at an average price of $40.50, for a total value of $40,500.00.
  • On Wednesday, September 19th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The stock was sold at an average price of $41.56, for a total value of $41,560.00.
  • On Wednesday, September 12th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The stock was sold at an average price of $41.07, for a total value of $41,070.00.
  • On Wednesday, September 5th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The stock was sold at an average price of $33.92, for a total value of $33,920.00.
  • On Thursday, August 30th, James Michael Murray sold 1,000 shares of Turning Point Brands stock. The stock was sold at an average price of $33.44, for a total value of $33,440.00.

Shares of TPB stock opened at $37.24 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.55 and a debt-to-equity ratio of 2.45. Turning Point Brands Inc has a 52-week low of $15.51 and a 52-week high of $47.00. The firm has a market capitalization of $745.02 million, a P/E ratio of 34.48 and a beta of 0.69.

Turning Point Brands (NYSE:TPB) last issued its quarterly earnings data on Wednesday, November 7th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.05). Turning Point Brands had a return on equity of 48.99% and a net margin of 7.64%. The business had revenue of $83.30 million during the quarter, compared to analysts’ expectations of $84.10 million. During the same quarter last year, the business posted $0.38 EPS. The company’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts predict that Turning Point Brands Inc will post 1.94 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, December 21st will be given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Thursday, December 20th. This is an increase from Turning Point Brands’s previous quarterly dividend of $0.04. Turning Point Brands’s dividend payout ratio (DPR) is 14.81%.

Hedge funds have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd purchased a new stake in shares of Turning Point Brands in the third quarter worth $109,000. First Quadrant L P CA purchased a new stake in shares of Turning Point Brands in the third quarter worth $130,000. OppenheimerFunds Inc. purchased a new stake in shares of Turning Point Brands in the second quarter worth $200,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Turning Point Brands in the third quarter worth $236,000. Finally, Rhumbline Advisers purchased a new stake in shares of Turning Point Brands in the second quarter worth $239,000. Institutional investors own 27.23% of the company’s stock.

A number of equities analysts have recently commented on TPB shares. B. Riley raised their price target on Turning Point Brands from $30.00 to $34.00 and gave the stock a “$32.61” rating in a report on Wednesday, July 18th. Cowen reaffirmed a “buy” rating on shares of Turning Point Brands in a report on Friday, August 10th. Finally, Zacks Investment Research raised Turning Point Brands from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Wednesday.

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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.

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

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