Somewhat Negative Press Coverage Somewhat Unlikely to Affect Turning Point Brands (TPB) Share Price
News coverage about Turning Point Brands (NYSE:TPB) has been trending somewhat negative on Wednesday, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Turning Point Brands earned a coverage optimism score of -0.01 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.9565389831746 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- ETFs with exposure to Turning Point Brands, Inc. : November 27, 2017 (finance.yahoo.com)
- Zacks Investment Research Lowers Turning Point Brands, Inc. (TPB) to Sell (americanbankingnews.com)
- Turning Point Brands, Inc. :TPB-US: Earnings Analysis: Q3, 2017 By the Numbers : November 24, 2017 (finance.yahoo.com)
- Turning Point Brands, Inc. breached its 50 day moving average in a Bullish Manner : TPB-US : November 22, 2017 (finance.yahoo.com)
Turning Point Brands (TPB) opened at $17.36 on Wednesday. Turning Point Brands has a twelve month low of $11.67 and a twelve month high of $18.99. The stock has a market capitalization of $330.60 and a P/E ratio of 9.01. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.81 and a quick ratio of 0.37.
The firm also recently announced an annual dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 27th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, November 24th. Turning Point Brands’s payout ratio is 2.41%.
A number of brokerages have issued reports on TPB. B. Riley reissued a “buy” rating on shares of Turning Point Brands in a report on Wednesday, November 1st. Zacks Investment Research downgraded Turning Point Brands from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. FBR & Co reissued a “buy” rating and issued a $17.00 price target on shares of Turning Point Brands in a report on Monday, October 2nd. Finally, Cowen reissued a “buy” rating and issued a $20.00 price target on shares of Turning Point Brands in a report on Sunday, September 17th.
In other news, insider James Wells Dobbins sold 12,002 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 96,043 shares of the company’s stock, valued at approximately $1,626,007.99. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director H.C. Charles Diao bought 7,697 shares of Turning Point Brands stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $15.91 per share, with a total value of $122,459.27. Following the completion of the purchase, the director now owns 11,000 shares in the company, valued at $175,010. The disclosure for this purchase can be found here. Corporate insiders own 14.20% of the company’s stock.
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Turning Point Brands Company Profile
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.
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