H.C. Charles Diao Purchases 7,697 Shares of Turning Point Brands, Inc. (TPB) Stock

Turning Point Brands, Inc. (NYSE:TPB) Director H.C. Charles Diao acquired 7,697 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average cost of $15.91 per share, for a total transaction of $122,459.27. Following the acquisition, the director now directly owns 11,000 shares in the company, valued at approximately $175,010. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

H.C. Charles Diao also recently made the following trade(s):

  • On Friday, August 18th, H.C. Charles Diao acquired 3,303 shares of Turning Point Brands stock. The shares were bought at an average cost of $16.49 per share, for a total transaction of $54,466.47.

Shares of Turning Point Brands, Inc. (NYSE TPB) traded down $0.16 on Friday, reaching $16.73. The company had a trading volume of 44,863 shares, compared to its average volume of 46,803. The stock has a market cap of $318.34 and a PE ratio of 8.45. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.81 and a quick ratio of 0.37. Turning Point Brands, Inc. has a twelve month low of $11.67 and a twelve month high of $18.99.

Turning Point Brands (NYSE:TPB) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.06). The company had revenue of $73.30 million for the quarter, compared to analysts’ expectations of $71.15 million. Turning Point Brands had a return on equity of 93.53% and a net margin of 12.70%. The business’s revenue for the quarter was up 43.9% on a year-over-year basis. During the same period last year, the company posted $0.34 EPS. research analysts predict that Turning Point Brands, Inc. will post 1.15 earnings per share for the current year.

The firm also recently announced an annual dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, November 27th will be paid a $0.04 dividend. The ex-dividend date is Friday, November 24th.

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A number of analysts recently issued reports on TPB shares. FBR & Co reissued a “buy” rating and set a $17.00 price objective on shares of Turning Point Brands in a report on Monday, October 2nd. Cowen and Company reissued a “buy” rating and set a $19.00 price objective on shares of Turning Point Brands in a report on Thursday, August 3rd. Zacks Investment Research cut Turning Point Brands from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Finally, B. Riley reissued a “buy” rating and set a $20.00 price objective on shares of Turning Point Brands in a report on Friday, November 10th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC increased its stake in Turning Point Brands by 25.6% in the 2nd quarter. Teachers Advisors LLC now owns 10,249 shares of the company’s stock worth $157,000 after acquiring an additional 2,087 shares during the last quarter. Vanguard Group Inc. increased its stake in Turning Point Brands by 1.1% in the 2nd quarter. Vanguard Group Inc. now owns 255,127 shares of the company’s stock worth $3,914,000 after acquiring an additional 2,834 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Turning Point Brands by 11.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 42,473 shares of the company’s stock worth $722,000 after acquiring an additional 4,256 shares during the last quarter. State Street Corp increased its stake in Turning Point Brands by 5.8% in the 2nd quarter. State Street Corp now owns 84,823 shares of the company’s stock worth $1,301,000 after acquiring an additional 4,663 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in Turning Point Brands in the 2nd quarter worth about $143,000. Institutional investors and hedge funds own 15.11% of the company’s stock.

About Turning Point Brands

Turning Point Brands, Inc is an independent provider of Other Tobacco Products (OTP) in the United States. The Company operates in three segments smokeless products, smoking products and NewGen products. The smokeless products segment manufactures and markets moist snuff; and contracts for and markets chewing tobacco products.

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

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