GSA Capital Partners LLP bought a new position in Tootsie Roll Industries, Inc. (NYSE:TR – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 25,804 shares of the company’s stock, valued at approximately $1,021,000.
A number of other institutional investors have also recently bought and sold shares of TR. Royal Bank of Canada increased its holdings in Tootsie Roll Industries by 4.4% in the 1st quarter. Royal Bank of Canada now owns 67,993 shares of the company’s stock valued at $2,140,000 after buying an additional 2,893 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Tootsie Roll Industries by 56.6% during the 1st quarter. AQR Capital Management LLC now owns 17,428 shares of the company’s stock worth $549,000 after acquiring an additional 6,299 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Tootsie Roll Industries by 29.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 215,015 shares of the company’s stock worth $6,769,000 after acquiring an additional 48,484 shares during the period. Rhumbline Advisers boosted its position in shares of Tootsie Roll Industries by 95.8% during the 2nd quarter. Rhumbline Advisers now owns 44,865 shares of the company’s stock valued at $1,501,000 after acquiring an additional 21,947 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Tootsie Roll Industries by 25.4% during the 2nd quarter. American Century Companies Inc. now owns 34,030 shares of the company’s stock valued at $1,138,000 after acquiring an additional 6,889 shares in the last quarter. Institutional investors and hedge funds own 14.28% of the company’s stock.
Tootsie Roll Industries Trading Down 1.6%
Shares of NYSE TR opened at $40.25 on Tuesday. The company has a 50-day moving average of $38.84 and a two-hundred day moving average of $40.37. Tootsie Roll Industries, Inc. has a 1-year low of $34.44 and a 1-year high of $45.06. The company has a market cap of $3.02 billion, a PE ratio of 31.35 and a beta of 0.39.
Tootsie Roll Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, June 18th. Tootsie Roll Industries’s payout ratio is currently 28.12%.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Tootsie Roll Industries in a research report on Monday, June 15th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Stock Report on TR
About Tootsie Roll Industries
Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.
The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.
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