Investment advisor Cannell Capital increased its position in Turning Point Brands by 119,821 shares, resulting in a value change of $13.24 million. The purchase raised Turning Point Brands stock to 2.7% of the fund’s 13F reportable assets under management. Cannell Capital’s post-trade stake now stands at 180,100 shares valued at $17.80 million. This move was reported in a United States Securities and Exchange Commission filing on November 14, 2025. Turning Point Brands, a consumer products company in the tobacco and alternative products sector, has seen significant growth, with sales rising 31% year over year in the third quarter.

Cannell Capital’s increased stake in Turning Point Brands to 2.71% of reportable assets under management indicates optimism in the company’s performance. Turning Point Brands has been performing well, with a 70% increase in net income in the third quarter compared to the previous year. The company’s Modern Oral line of nicotine pouches saw sales soar 628% year over year, contributing to its success. Shares of Turning Point Brands hit a 52-week high of $110.55 on November 5. Investors may want to consider waiting for a potential dip in share price before buying.

Read more at NASDAQ.: Is Turning Point Brands Stock a Buy After Investment Firm Cannell Capital Raises Its Stake to Nearly $20 Million?