12,621 Shares in Tootsie Roll Industries, Inc. (NYSE:TR) Purchased by Paloma Partners Management Co

Paloma Partners Management Co bought a new stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,621 shares of the company’s stock, valued at approximately $391,000.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Tootsie Roll Industries by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 1,865,760 shares of the company’s stock valued at $59,760,000 after purchasing an additional 24,408 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Tootsie Roll Industries by 11.8% in 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 acquiring an additional 115,839 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Tootsie Roll Industries by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 950,636 shares of the company’s stock valued at $29,062,000 after acquiring an additional 31,587 shares during the period. Renaissance Technologies LLC raised its position in shares of Tootsie Roll Industries by 2.8% in the 2nd quarter. Renaissance Technologies LLC now owns 519,715 shares of the company’s stock valued at $15,888,000 after acquiring an additional 14,353 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in shares of Tootsie Roll Industries by 13.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 54,390 shares of the company’s stock valued at $1,684,000 after acquiring an additional 6,254 shares during the period. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Price Performance

Shares of NYSE:TR opened at $32.98 on Thursday. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 25.42 and a beta of 0.21. The firm’s 50 day simple moving average is $31.03 and its 200 day simple moving average is $30.31. Tootsie Roll Industries, Inc. has a fifty-two week low of $27.58 and a fifty-two week high of $35.84.

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

Tootsie Roll Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Tuesday, October 8th were paid a dividend of $0.09 per share. The ex-dividend date was Tuesday, October 8th. This represents a $0.36 dividend on an annualized basis and a yield of 1.09%. Tootsie Roll Industries’s payout ratio is 27.53%.

Tootsie Roll Industries 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.