Turning Point Brands, Inc. (NYSE:TPB) insider James Wells Dobbins sold 12,002 shares of Turning Point Brands stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $16.93, for a total transaction of $203,193.86. Following the sale, the insider now directly owns 96,043 shares of the company’s stock, valued at approximately $1,626,007.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

James Wells Dobbins also recently made the following trade(s):

  • On Monday, August 14th, James Wells Dobbins sold 6,000 shares of Turning Point Brands stock. The stock was sold at an average price of $16.04, for a total transaction of $96,240.00.

Turning Point Brands, Inc. (TPB) opened at 16.97 on Monday. The stock has a 50 day moving average of $15.90 and a 200 day moving average of $15.44. Turning Point Brands, Inc. has a one year low of $11.67 and a one year high of $18.05. The firm has a market cap of $322.92 million, a price-to-earnings ratio of 10.66 and a beta of 0.28.

Turning Point Brands (NYSE:TPB) last announced its earnings results on Thursday, August 10th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Turning Point Brands had a net margin of 13.62% and a return on equity of 114.77%. The business had revenue of $72.10 million during the quarter, compared to the consensus estimate of $67.35 million. During the same quarter last year, the firm earned $0.05 earnings per share. Turning Point Brands’s quarterly revenue was up 39.7% on a year-over-year basis. Equities research analysts predict that Turning Point Brands, Inc. will post $1.28 EPS for the current fiscal year.

WARNING: “Insider Selling: Turning Point Brands, Inc. (TPB) Insider Sells $203,193.86 in Stock” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/04/insider-selling-turning-point-brands-inc-tpb-insider-sells-203193-86-in-stock.html.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Teachers Advisors LLC raised its stake in Turning Point Brands by 25.6% during the second quarter. Teachers Advisors LLC now owns 10,249 shares of the company’s stock worth $157,000 after buying an additional 2,087 shares during the last quarter. Vanguard Group Inc. raised its stake in Turning Point Brands by 1.1% during the second quarter. Vanguard Group Inc. now owns 255,127 shares of the company’s stock worth $3,914,000 after buying an additional 2,834 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Turning Point Brands by 10.0% during the first quarter. Neuberger Berman Group LLC now owns 33,000 shares of the company’s stock worth $515,000 after buying an additional 3,000 shares during the last quarter. State Street Corp raised its stake in Turning Point Brands by 5.8% during the second quarter. State Street Corp now owns 84,823 shares of the company’s stock worth $1,301,000 after buying an additional 4,663 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in Turning Point Brands by 351.0% during the first quarter. Acadian Asset Management LLC now owns 6,530 shares of the company’s stock worth $102,000 after buying an additional 5,082 shares during the last quarter. 15.85% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently issued reports on TPB. Zacks Investment Research raised shares of Turning Point Brands from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. FBR & Co reissued a “buy” rating and issued a $17.00 price target on shares of Turning Point Brands in a report on Friday, May 12th. Finally, Cowen and Company reissued an “outperform” rating and issued a $19.00 price target (up previously from $18.00) on shares of Turning Point Brands in a report on Monday, May 15th.

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)

Receive News & Stock Ratings for Turning Point Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Turning Point Brands Inc. and related stocks with our FREE daily email newsletter.