Susquehanna Fundamental Investments LLC Purchases New Shares in Tootsie Roll Industries, Inc. (NYSE:TR)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) during the 4th quarter, Holdings Channel.com reports. The fund acquired 20,528 shares of the company’s stock, valued at approximately $664,000.

Other institutional investors also recently bought and sold shares of the company. Byrne Asset Management LLC purchased a new position in Tootsie Roll Industries in the 4th quarter valued at $27,000. GAMMA Investing LLC increased its stake in shares of Tootsie Roll Industries by 133.5% during the fourth quarter. GAMMA Investing LLC now owns 1,807 shares of the company’s stock worth $58,000 after acquiring an additional 1,033 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Tootsie Roll Industries during the fourth quarter worth about $82,000. Wilmington Savings Fund Society FSB acquired a new stake in Tootsie Roll Industries in the third quarter valued at about $96,000. Finally, Barclays PLC boosted its holdings in Tootsie Roll Industries by 227.2% in the 3rd quarter. Barclays PLC now owns 5,566 shares of the company’s stock valued at $171,000 after purchasing an additional 3,865 shares in the last quarter. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research note on Friday, April 18th.

Tootsie Roll Industries Stock Performance

Shares of NYSE TR opened at $33.66 on Friday. Tootsie Roll Industries, Inc. has a one year low of $26.78 and a one year high of $33.67. The firm has a market capitalization of $2.41 billion, a P/E ratio of 27.59 and a beta of 0.33. The company’s fifty day moving average is $31.43 and its two-hundred day moving average is $31.47.

Tootsie Roll Industries (NYSE:TR) last issued its earnings results on Thursday, April 24th. The company reported $0.25 earnings per share for the quarter. Tootsie Roll Industries had a net margin of 12.14% and a return on equity of 10.23%. The company had revenue of $146.52 million for the quarter.

Tootsie Roll Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Wednesday, March 5th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This represents a $0.36 dividend on an annualized basis and a yield of 1.07%. Tootsie Roll Industries’s payout ratio is 29.51%.

About Tootsie Roll Industries

Tootsie Roll Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of confectionery products in the United States, Canada, Mexico, and internationally. It sells its products under the Tootsie Roll, Tootsie Fruit Rolls, Frooties, Tootsie Pops, Tootsie Mini 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.