iSAM Funds UK Ltd Purchases New Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

iSAM Funds UK Ltd acquired a new position in Tootsie Roll Industries, Inc. (NYSE:TR) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 6,533 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of Tootsie Roll Industries in the third quarter worth approximately $4,007,000. Allspring Global Investments Holdings LLC increased its stake in Tootsie Roll Industries by 11.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,098,774 shares of the company’s stock worth $34,029,000 after purchasing an additional 115,839 shares during the period. Verition Fund Management LLC lifted its position in shares of Tootsie Roll Industries by 315.6% during the third quarter. Verition Fund Management LLC now owns 54,209 shares of the company’s stock worth $1,679,000 after purchasing an additional 41,165 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Tootsie Roll Industries by 3.4% during the second quarter. Dimensional Fund Advisors LP now owns 950,636 shares of the company’s stock valued at $29,062,000 after purchasing an additional 31,587 shares during the period. Finally, ORG Partners LLC bought a new position in shares of Tootsie Roll Industries in the second quarter worth about $639,000. Institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Price Performance

TR stock opened at $32.52 on Monday. The company has a market capitalization of $2.32 billion, a PE ratio of 24.87 and a beta of 0.21. Tootsie Roll Industries, Inc. has a 12 month low of $27.58 and a 12 month high of $35.84. The firm’s 50-day moving average is $31.11 and its 200 day moving average is $30.37.

Tootsie Roll Industries (NYSE:TR) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.46 earnings per share for the quarter. The firm had revenue of $223.89 million during the quarter. Tootsie Roll Industries had a net margin of 13.02% and a return on equity of 11.13%.

Tootsie Roll Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, December 18th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, December 18th. Tootsie Roll Industries’s dividend payout ratio is 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.