GSA Capital Partners LLP Sells 46,456 Shares of Tootsie Roll Industries, Inc. (NYSE:TR)

GSA Capital Partners LLP lessened its holdings in shares of Tootsie Roll Industries, Inc. (NYSE:TR) by 46.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,029 shares of the company’s stock after selling 46,456 shares during the period. GSA Capital Partners LLP owned 0.07% of Tootsie Roll Industries worth $1,669,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. D. E. Shaw & Co. Inc. bought a new position in Tootsie Roll Industries during the fourth quarter worth $394,000. Man Group plc acquired a new stake in Tootsie Roll Industries during the 4th quarter worth about $389,000. Teacher Retirement System of Texas bought a new position in shares of Tootsie Roll Industries in the 1st quarter worth about $1,000,000. Two Sigma Advisers LP lifted its stake in shares of Tootsie Roll Industries by 72.0% in the 4th quarter. Two Sigma Advisers LP now owns 45,148 shares of the company’s stock valued at $1,460,000 after purchasing an additional 18,900 shares during the period. Finally, Apollon Wealth Management LLC bought a new stake in shares of Tootsie Roll Industries during the 1st quarter valued at about $275,000. Institutional investors own 14.28% of the company’s stock.

Tootsie Roll Industries Stock Up 0.8%

NYSE:TR opened at $39.54 on Wednesday. Tootsie Roll Industries, Inc. has a twelve month low of $26.78 and a twelve month high of $40.43. The company has a fifty day moving average of $35.19 and a 200-day moving average of $32.80. The firm has a market capitalization of $2.89 billion, a P/E ratio of 31.70 and a beta of 0.40.

Tootsie Roll Industries (NYSE:TR) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.24 earnings per share for the quarter. Tootsie Roll Industries had a net margin of 12.72% and a return on equity of 10.42%. The firm had revenue of $153.19 million during the quarter.

Tootsie Roll Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 19th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Wednesday, June 18th. Tootsie Roll Industries’s dividend payout ratio (DPR) is currently 28.80%.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Tootsie Roll Industries from a “buy” rating to a “hold” rating in a report on Friday, May 16th.

Tootsie Roll Industries Company 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.