Westhampton Capital LLC Takes $504,000 Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Westhampton Capital LLC acquired a new position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) in the fourth quarter, Holdings Channel reports. The firm acquired 15,600 shares of the company’s stock, valued at approximately $504,000.

A number of other institutional investors also recently added to or reduced their stakes in TR. Pacer Advisors Inc. bought a new position in Tootsie Roll Industries in the fourth quarter worth about $176,000. Exchange Traded Concepts LLC raised its stake in shares of Tootsie Roll Industries by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 56,726 shares of the company’s stock worth $1,834,000 after acquiring an additional 2,336 shares in the last quarter. SG Americas Securities LLC lifted its position in Tootsie Roll Industries by 177.6% during the fourth quarter. SG Americas Securities LLC now owns 20,904 shares of the company’s stock valued at $676,000 after acquiring an additional 13,375 shares during the last quarter. GAMMA Investing LLC boosted its stake in Tootsie Roll Industries by 133.5% in the fourth quarter. GAMMA Investing LLC now owns 1,807 shares of the company’s stock valued at $58,000 after acquiring an additional 1,033 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Tootsie Roll Industries by 278.4% in the third quarter. JPMorgan Chase & Co. now owns 26,567 shares of the company’s stock worth $823,000 after purchasing an additional 19,547 shares during the last quarter. Institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Price Performance

Tootsie Roll Industries stock opened at $31.20 on Thursday. Tootsie Roll Industries, Inc. has a 1-year low of $27.58 and a 1-year high of $34.00. The business has a fifty day moving average price of $32.04 and a 200-day moving average price of $30.94. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 23.86 and a beta of 0.22.

Tootsie Roll Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Wednesday, December 18th. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 27.53%.

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.