Corient Private Wealth LLC Makes New $208,000 Investment in Tootsie Roll Industries, Inc. (NYSE:TR)

Corient Private Wealth LLC purchased a new stake in Tootsie Roll Industries, Inc. (NYSE:TR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 6,423 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Quantbot Technologies LP raised its holdings in Tootsie Roll Industries by 899.0% in the 3rd quarter. Quantbot Technologies LP now owns 6,913 shares of the company’s stock worth $214,000 after acquiring an additional 6,221 shares during the period. BNP Paribas Financial Markets grew its position in shares of Tootsie Roll Industries by 1,398.0% in the third quarter. BNP Paribas Financial Markets now owns 7,460 shares of the company’s stock valued at $231,000 after purchasing an additional 6,962 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Tootsie Roll Industries in the third quarter worth about $471,000. Verition Fund Management LLC lifted its position in shares of Tootsie Roll Industries by 315.6% during the 3rd 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. Finally, Paloma Partners Management Co acquired a new position in shares of Tootsie Roll Industries during the 3rd quarter worth about $391,000. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Tootsie Roll Industries Stock Up 0.3 %

TR opened at $31.59 on Wednesday. The stock’s 50 day moving average price is $31.34 and its two-hundred day moving average price is $31.39. The firm has a market capitalization of $2.26 billion, a P/E ratio of 25.89 and a beta of 0.19. Tootsie Roll Industries, Inc. has a 12-month low of $26.78 and a 12-month high of $33.22.

Tootsie Roll Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Wednesday, March 5th were paid a $0.09 dividend. The ex-dividend date was Wednesday, March 5th. This represents a $0.36 annualized dividend and a dividend yield of 1.14%. Tootsie Roll Industries’s payout ratio is 30.51%.

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.