Today: Today, Turning Point Brands Inc. (TPB) VP Sold $190,288.00 in Stock

Today, Turning Point Brands Inc. (TPB) VP Sold $190,288.00 in Stock

Turning Point Brands Inc. (NYSE:TPB) VP James Michael Murray sold 13,592 shares of the stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $14.00, for a total transaction of $190,288.00. Following the transaction, the vice president now owns 141 shares of the company’s stock, valued at approximately $1,974. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Turning Point Brands Inc. (NYSE:TPB) traded down 0.14% during midday trading on Monday, reaching $14.48. 17,384 shares of the company’s stock traded hands. Turning Point Brands Inc. has a one year low of $6.46 and a one year high of $16.14. The firm has a market capitalization of $265.58 million and a PE ratio of 17.55. The stock’s 50-day moving average price is $13.29 and its 200 day moving average price is $11.80.

Turning Point Brands (NYSE:TPB) last issued its earnings results on Thursday, November 10th. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.05. The business earned $51 million during the quarter, compared to analyst estimates of $50.75 million. The firm’s revenue for the quarter was down .8% on a year-over-year basis. On average, equities research analysts expect that Turning Point Brands Inc. will post $1.25 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of TPB. BlackRock Institutional Trust Company N.A. raised its position in shares of Turning Point Brands by 0.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 39,915 shares of the company’s stock worth $480,000 after buying an additional 172 shares during the period. Wells Fargo & Company MN raised its stake in Turning Point Brands by 6.0% in the third quarter. Wells Fargo & Company MN now owns 27,636 shares of the company’s stock valued at $332,000 after buying an additional 1,561 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Turning Point Brands during the third quarter valued at approximately $124,000. Northern Trust Corp raised its stake in Turning Point Brands by 382.1% in the third quarter. Northern Trust Corp now owns 58,625 shares of the company’s stock valued at $705,000 after buying an additional 46,465 shares during the last quarter. Finally, Standard General L.P. raised its stake in Turning Point Brands by 4.5% in the third quarter. Standard General L.P. now owns 10,175,463 shares of the company’s stock valued at $122,309,000 after buying an additional 442,558 shares during the last quarter. 68.81% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on TPB shares. FBR & Co restated a “buy” rating on shares of Turning Point Brands in a research report on Tuesday, August 16th. Zacks Investment Research lowered shares of Turning Point Brands from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 13th.

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