Yorktown Management & Research Co Inc Acquires New Stake in Tootsie Roll Industries, Inc. (NYSE:TR)

Yorktown Management & Research Co Inc acquired a new stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $323,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its stake in Tootsie Roll Industries by 11.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,098,774 shares of the company’s stock valued at $34,029,000 after purchasing an additional 115,839 shares during the last quarter. Geode Capital Management LLC boosted its stake in Tootsie Roll Industries by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 244,873 shares of the company’s stock valued at $7,586,000 after purchasing an additional 5,828 shares during the last quarter. Jane Street Group LLC purchased a new stake in Tootsie Roll Industries during the 3rd quarter valued at $4,007,000. Exchange Traded Concepts LLC boosted its stake in Tootsie Roll Industries by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 56,726 shares of the company’s stock valued at $1,834,000 after purchasing an additional 2,336 shares during the last quarter. Finally, Verition Fund Management LLC boosted its stake in shares of Tootsie Roll Industries by 315.6% in the 3rd quarter. Verition Fund Management LLC now owns 54,209 shares of the company’s stock worth $1,679,000 after buying an additional 41,165 shares during the last quarter. Institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Price Performance

TR stock opened at $30.53 on Wednesday. The company has a market cap of $2.18 billion, a P/E ratio of 23.34 and a beta of 0.21. Tootsie Roll Industries, Inc. has a 1 year low of $27.58 and a 1 year high of $34.00. The stock’s fifty day moving average price is $31.87 and its 200-day moving average price is $30.98.

Tootsie Roll Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, December 18th were paid a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.18%. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 27.53%.

Tootsie Roll Industries Company Profile

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.