GSA Capital Partners LLP Has $703,000 Stock Position in Tootsie Roll Industries, Inc. $TR

GSA Capital Partners LLP lowered its stake in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 60.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,761 shares of the company’s stock after selling 26,053 shares during the quarter. GSA Capital Partners LLP’s holdings in Tootsie Roll Industries were worth $703,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. NBT Bank N A NY acquired a new stake in Tootsie Roll Industries in the 3rd quarter worth $39,000. CWM LLC lifted its stake in shares of Tootsie Roll Industries by 42.0% in the third quarter. CWM LLC now owns 1,394 shares of the company’s stock valued at $58,000 after buying an additional 412 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in Tootsie Roll Industries during the second quarter worth about $60,000. State of Wyoming bought a new position in Tootsie Roll Industries during the second quarter valued at about $111,000. Finally, Police & Firemen s Retirement System of New Jersey acquired a new position in Tootsie Roll Industries in the 2nd quarter valued at approximately $130,000. 14.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Tootsie Roll Industries in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Tootsie Roll Industries Stock Up 0.4%

NYSE TR opened at $41.46 on Friday. Tootsie Roll Industries, Inc. has a twelve month low of $29.13 and a twelve month high of $44.27. The stock has a market cap of $3.03 billion, a P/E ratio of 30.05 and a beta of 0.53. The company’s 50-day simple moving average is $38.16 and its 200 day simple moving average is $39.17.

Tootsie Roll Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Thursday, March 5th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.9%. Tootsie Roll Industries’s dividend payout ratio is presently 26.09%.

Tootsie Roll Industries Company Profile

Tootsie Roll Industries, Inc is a U.S.-based confectionery company best known for producing Tootsie Rolls and Tootsie Pops. Headquartered in Chicago, the company manufactures a broad range of candy products, including fruit-flavored chews, gummies, mints and gum, under a portfolio of well-recognized brands. Its offerings are sold through mass-market retailers, convenience stores, specialty shops and vending channels.

The company traces its origins to 1896 when confectioner Leo Hirschfeld invented the Tootsie Roll in New York City.