Two Sigma Advisers LP grew its stake in Tootsie Roll Industries, Inc. (NYSE:TR) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,933 shares of the company’s stock after buying an additional 2,475 shares during the quarter. Two Sigma Advisers LP’s holdings in Tootsie Roll Industries were worth $798,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Legal & General Group Plc increased its position in Tootsie Roll Industries by 10.7% in the third quarter. Legal & General Group Plc now owns 14,876 shares of the company’s stock worth $565,000 after buying an additional 1,440 shares in the last quarter. Mutual of America Capital Management LLC grew its position in shares of Tootsie Roll Industries by 10.8% during the fourth quarter. Mutual of America Capital Management LLC now owns 15,672 shares of the company’s stock worth $570,000 after purchasing an additional 1,531 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Tootsie Roll Industries by 103.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,248 shares of the company’s stock worth $118,000 after purchasing an additional 1,652 shares in the last quarter. Saybrook Capital NC grew its position in shares of Tootsie Roll Industries by 3.2% during the fourth quarter. Saybrook Capital NC now owns 68,247 shares of the company’s stock worth $2,484,000 after purchasing an additional 2,110 shares in the last quarter. Finally, Advisor Group Inc. grew its position in shares of Tootsie Roll Industries by 257.4% during the fourth quarter. Advisor Group Inc. now owns 2,999 shares of the company’s stock worth $109,000 after purchasing an additional 2,160 shares in the last quarter. Institutional investors and hedge funds own 21.35% of the company’s stock.
Separately, TheStreet cut Tootsie Roll Industries from a “b-” rating to a “c+” rating in a research report on Thursday, April 5th.
Tootsie Roll Industries (NYSE:TR) last released its earnings results on Wednesday, February 14th. The company reported $0.50 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a return on equity of 11.31% and a net margin of 15.68%. The firm had revenue of $125.18 million during the quarter.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 27th. Investors of record on Tuesday, March 6th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Monday, March 5th.
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Tootsie Roll Industries Profile
Tootsie Roll Industries, Inc and its subsidiaries are engaged in the manufacture and sale of confectionery products. The Company offers a range of candy, chocolate and bubble gum brands. Its products are marketed in a range of packages designed to be suitable for display and sale in different types of retail outlets.
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