SCHEDULE 13G/A: Morgan Stanley Discloses 5.4% Passive Stake in Turning Point Brands

Morgan Stanley has filed an amended Schedule 13G, disclosing a 5.4% beneficial ownership stake in Turning Point Brands, Inc. as of December 31, 2024.

Summary

• Morgan Stanley reported beneficial ownership of 952,023 shares of Common Stock in Turning Point Brands, Inc.
• This ownership represents 5.4% of the class of securities.
• The filing is an Amendment No. 2 to Schedule 13G, indicating an update to a previously disclosed stake.
• Morgan Stanley holds shared voting power over 949,804 shares and shared dispositive power over 952,023 shares.
• The shares are stated to be acquired and held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of institutional ownership, indicating Morgan Stanley's passive investment in Turning Point Brands, Inc., a company operating in the consumer goods sector, likely specializing in tobacco or related products given its CUSIP and common stock listing.

Key Dates

Keywords

Turning Point Brands, Morgan Stanley, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Ownership, SEC Filing