Wellington Cuts Stake in Turning Point Brands After Earnings Beat
Wellington Management Group LLP cut its Turning Point Brands position, selling 80,555 shares and holding 149,267 shares (about 0.77%) worth $12.659 million. First Trust Advisors LP increased its stake to 494,262 shares. The company reported $0.23 EPS versus $0.12 consensus and declared a quarterly $0.08 dividend, with a Sept. 18 record date and Oct. 9 payment.