Verition Fund Management LLC Has $1.68 Million Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

Verition Fund Management LLC boosted its position in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 315.6% in the third quarter, Holdings Channel reports. The fund owned 54,209 shares of the company’s stock after acquiring an additional 41,165 shares during the period. Verition Fund Management LLC’s holdings in Tootsie Roll Industries were worth $1,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Walleye Capital LLC acquired a new position in Tootsie Roll Industries during the 3rd quarter worth $471,000. BNP Paribas Financial Markets increased its holdings in shares of Tootsie Roll Industries by 1,398.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,460 shares of the company’s stock worth $231,000 after purchasing an additional 6,962 shares during the period. Quantbot Technologies LP increased its holdings in shares of Tootsie Roll Industries by 899.0% during the 3rd quarter. Quantbot Technologies LP now owns 6,913 shares of the company’s stock worth $214,000 after purchasing an additional 6,221 shares during the period. Quest Partners LLC increased its holdings in shares of Tootsie Roll Industries by 3.7% during the 3rd quarter. Quest Partners LLC now owns 12,814 shares of the company’s stock worth $397,000 after purchasing an additional 452 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in shares of Tootsie Roll Industries during the 3rd quarter worth about $523,000. Institutional investors and hedge funds own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Performance

NYSE:TR opened at $32.56 on Friday. The firm’s 50-day moving average is $31.11 and its 200-day moving average is $30.37. Tootsie Roll Industries, Inc. has a 52-week low of $27.58 and a 52-week high of $35.84. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 24.89 and a beta of 0.21.

Tootsie Roll Industries (NYSE:TR) last posted its 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 Announces Dividend

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