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Should Investors Buy Turning Point Brands as Prospect Capital Doubles Down on the Stock?
The Motley Foolยท 2025-12-02 16:51
Prospect Capital nearly tripled its position in Turning Point Brands -- even after the stock has risen over 50% this year.On Nov. 14, 2025, Prospect Capital Advisors, LLC disclosed a third-quarter purchase of 59,250 Turning Point Brands shares, increasing its position by an estimated $6.65 million.What happenedAccording to a Securities and Exchange Commission (SEC) filing dated Nov. 14, 2025, Prospect Capital Advisors, LLC bought 59,250 additional shares of Turning Point Brands (TPB 1.41%) during the third ...