Dov Gertzulin Portfolio: Top 5 Stocks

4. Turning Point Brands, Inc. (NYSE:TPB)

DG Capital Management’s Stake Value: $19.63 million
Percentage of DG Capital Management’s 13F Portfolio: 4.25%
Number of Hedge Fund Holders: 30

Turning Point Brands, Inc. (NYSE:TPB) is a Kentucky-based tobacco company that manufactures, markets, and distributes smoking accessories and consumables.

Of the 873 elite funds being tracked by Insider Monkey, 30 held stakes in Turning Point Brands, Inc. (NYSE:TPB). Dov Gertzulin’s hedge fund currently holds 430,258 million shares in the company, amounting to more than $19.63 million in worth and representing 4.25% of his fund’s total portfolio value.

On October 28, B. Riley analyst Susan Anderson lowered the price target on Turning Point Brands, Inc. (NYSE:TPB) to $55 from $65 and reiterated a Buy rating on the shares of the company.

In the Q2 2021 investor letter of Kinsman Oak Capital Partners, the fund mentioned Turning Point Brands, Inc. (NYSE:TPB). Here is what the fund said:

“TPB continues to be a volatile stock, but business execution has been admirable since we first initiated our position. The company has put forth consecutive beat and raise quarters, announced a few tuck-in acquisitions, and recently promoted a new CFO. We view these developments as positives for the stock. We believe TPB remains undervalued at ~14x FY22 EPS and ~10x FY22 EBITDA.”