Quantbot Technologies LP Acquires 6,221 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

Quantbot Technologies LP raised its holdings in Tootsie Roll Industries, Inc. (NYSE:TR) by 899.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,913 shares of the company’s stock after buying an additional 6,221 shares during the period. Quantbot Technologies LP’s holdings in Tootsie Roll Industries were worth $214,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in Tootsie Roll Industries during the third quarter worth about $43,000. US Bancorp DE raised its position in Tootsie Roll Industries by 70.9% during the third quarter. US Bancorp DE now owns 4,927 shares of the company’s stock valued at $153,000 after purchasing an additional 2,044 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Tootsie Roll Industries by 1,100.4% during the third quarter. International Assets Investment Management LLC now owns 5,942 shares of the company’s stock worth $192,000 after purchasing an additional 5,447 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Tootsie Roll Industries in the 2nd quarter valued at $205,000. Finally, SG Americas Securities LLC bought a new position in shares of Tootsie Roll Industries in the 3rd quarter valued at $233,000. 14.28% of the stock is owned by institutional investors and hedge funds.

Tootsie Roll Industries Stock Performance

NYSE:TR opened at $33.16 on Friday. Tootsie Roll Industries, Inc. has a fifty-two week low of $27.58 and a fifty-two week high of $35.84. The company has a 50 day simple moving average of $31.08 and a two-hundred day simple moving average of $30.35. The company has a market capitalization of $2.37 billion, a PE ratio of 25.36 and a beta of 0.21.

Tootsie Roll Industries (NYSE:TR) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.46 EPS for the quarter. The company had revenue of $223.89 million during the quarter. Tootsie Roll Industries had a net margin of 13.02% and a return on equity of 11.13%.

Tootsie Roll Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, December 18th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Wednesday, December 18th. Tootsie Roll Industries’s 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.