International Assets Investment Management LLC Has $192,000 Stock Holdings in Tootsie Roll Industries, Inc. (NYSE:TR)

International Assets Investment Management LLC boosted its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 1,100.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,942 shares of the company’s stock after buying an additional 5,447 shares during the quarter. International Assets Investment Management LLC’s holdings in Tootsie Roll Industries were worth $192,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Tootsie Roll Industries during the second quarter worth $33,000. nVerses Capital LLC acquired a new position in Tootsie Roll Industries during the third quarter worth $43,000. AQR Capital Management LLC acquired a new position in Tootsie Roll Industries during the second quarter worth $205,000. SG Americas Securities LLC acquired a new position in Tootsie Roll Industries during the third quarter worth $233,000. Finally, Commonwealth Equity Services LLC acquired a new position in Tootsie Roll Industries during the second quarter worth $247,000. 14.28% of the stock is owned by institutional investors and hedge funds.

Tootsie Roll Industries Price Performance

Tootsie Roll Industries stock opened at $30.42 on Thursday. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 23.26 and a beta of 0.18. Tootsie Roll Industries, Inc. has a one year low of $27.58 and a one year high of $35.84. The company’s fifty day moving average price is $30.65 and its two-hundred day moving average price is $29.95.

Tootsie Roll Industries (NYSE:TR) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $223.89 million for the quarter. Tootsie Roll Industries had a return on equity of 11.25% and a net margin of 13.02%.

Tootsie Roll Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Stockholders of record on Tuesday, October 8th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, October 8th. Tootsie Roll Industries’s dividend payout ratio is currently 27.53%.

About Tootsie Roll Industries

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.