Westhampton Capital LLC Reduces Holdings in Tootsie Roll Industries, Inc. $TR

Westhampton Capital LLC decreased its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 19.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 7,210 shares of the company’s stock after selling 1,790 shares during the period. Westhampton Capital LLC’s holdings in Tootsie Roll Industries were worth $241,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Signaturefd LLC boosted its position in Tootsie Roll Industries by 14.1% in the second quarter. Signaturefd LLC now owns 2,262 shares of the company’s stock valued at $76,000 after buying an additional 280 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in Tootsie Roll Industries by 4.6% in the first quarter. Creative Financial Designs Inc. ADV now owns 7,373 shares of the company’s stock valued at $232,000 after buying an additional 324 shares during the last quarter. CWA Asset Management Group LLC boosted its position in Tootsie Roll Industries by 3.0% in the first quarter. CWA Asset Management Group LLC now owns 17,397 shares of the company’s stock valued at $548,000 after buying an additional 506 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Tootsie Roll Industries by 6.0% in the second quarter. State of Alaska Department of Revenue now owns 9,957 shares of the company’s stock valued at $332,000 after buying an additional 564 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in Tootsie Roll Industries by 15.1% in the first quarter. Pacer Advisors Inc. now owns 6,259 shares of the company’s stock valued at $197,000 after buying an additional 822 shares during the last quarter. Hedge funds and other institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Up 0.2%

Shares of NYSE TR opened at $41.21 on Tuesday. The business’s 50 day moving average price is $39.86 and its 200 day moving average price is $35.52. The firm has a market cap of $3.01 billion, a P/E ratio of 33.04 and a beta of 0.46. Tootsie Roll Industries, Inc. has a 52 week low of $28.18 and a 52 week high of $42.10.

Tootsie Roll Industries (NYSE:TR) last issued its earnings results on Thursday, July 24th. The company reported $0.24 EPS for the quarter. The firm had revenue of $153.19 million for the quarter. Tootsie Roll Industries had a return on equity of 10.36% and a net margin of 12.72%.

Tootsie Roll Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Tuesday, October 7th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. Tootsie Roll Industries’s payout ratio is presently 28.80%.

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.