Amalgamated Bank Has $140,000 Stock Position in Tootsie Roll Industries, Inc. (NYSE:TR)

Amalgamated Bank cut its position in Tootsie Roll Industries, Inc. (NYSE:TR) by 11.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,588 shares of the company’s stock after selling 614 shares during the quarter. Amalgamated Bank’s holdings in Tootsie Roll Industries were worth $140,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Tootsie Roll Industries during the second quarter worth approximately $33,000. Clarity Asset Management Inc. bought a new stake in Tootsie Roll Industries in the 4th quarter valued at $55,000. Commonwealth Equity Services LLC bought a new stake in Tootsie Roll Industries in the 2nd quarter valued at $247,000. Hamel Associates Inc. acquired a new stake in Tootsie Roll Industries in the 2nd quarter worth $260,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Tootsie Roll Industries during the 1st quarter worth about $313,000. Institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Trading Down 2.9 %

TR opened at $30.08 on Wednesday. The stock’s 50 day simple moving average is $30.31 and its 200-day simple moving average is $30.20. The stock has a market cap of $2.15 billion, a PE ratio of 23.01 and a beta of 0.16. Tootsie Roll Industries, Inc. has a 1 year low of $27.58 and a 1 year high of $35.84.

Tootsie Roll Industries (NYSE:TR) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.22 earnings per share (EPS) for the quarter. Tootsie Roll Industries had a net margin of 12.80% and a return on equity of 11.54%. The firm had revenue of $148.82 million for the quarter.

Tootsie Roll Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Tuesday, October 8th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Tuesday, October 8th. Tootsie Roll Industries’s dividend payout ratio (DPR) is presently 27.54%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Tootsie Roll Industries from a “buy” rating to a “hold” rating in a research note on Sunday, June 30th.

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.