North Star Investment Management Corp. decreased its stake in Orchids Paper Products Company (NYSEMKT:TIS) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 135,739 shares of the basic materials company’s stock after selling 5,440 shares during the period. North Star Investment Management Corp.’s holdings in Orchids Paper Products were worth $1,758,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of TIS. Bank of America Corp DE increased its stake in Orchids Paper Products by 61.2% in the first quarter. Bank of America Corp DE now owns 5,480 shares of the basic materials company’s stock valued at $132,000 after buying an additional 2,080 shares in the last quarter. American International Group Inc. increased its stake in Orchids Paper Products by 7.0% in the first quarter. American International Group Inc. now owns 5,560 shares of the basic materials company’s stock valued at $133,000 after buying an additional 364 shares in the last quarter. KCG Holdings Inc. acquired a new stake in Orchids Paper Products during the first quarter valued at about $203,000. Neuberger Berman Group LLC acquired a new stake in Orchids Paper Products during the first quarter valued at about $210,000. Finally, Two Sigma Investments LP acquired a new stake in Orchids Paper Products during the fourth quarter valued at about $240,000.
Orchids Paper Products Company (NYSEMKT:TIS) traded up 3.14% during midday trading on Wednesday, reaching $12.48. 17,565 shares of the company’s stock traded hands. The company’s 50-day moving average price is $12.67 and its 200 day moving average price is $21.19. Orchids Paper Products Company has a 52 week low of $10.75 and a 52 week high of $34.98. The stock has a market capitalization of $128.57 million, a price-to-earnings ratio of 19.62 and a beta of 0.48.
Orchids Paper Products (NYSEMKT:TIS) last released its quarterly earnings results on Monday, May 1st. The basic materials company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.19. Orchids Paper Products had a negative net margin of 2.43% and a negative return on equity of 2.63%. The firm had revenue of $35.40 million during the quarter, compared to the consensus estimate of $40.08 million. During the same period in the prior year, the business earned $0.56 EPS. The company’s revenue for the quarter was down 25.8% compared to the same quarter last year. On average, equities research analysts expect that Orchids Paper Products Company will post $0.52 earnings per share for the current year.
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Several equities research analysts have issued reports on TIS shares. Zacks Investment Research upgraded shares of Orchids Paper Products from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 19th. TheStreet downgraded shares of Orchids Paper Products from a “b-” rating to a “c” rating in a research note on Monday, May 1st. ValuEngine downgraded shares of Orchids Paper Products from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Jefferies Group LLC reiterated a “hold” rating on shares of Orchids Paper Products in a research note on Tuesday, June 6th.
In other news, Director Mario Armando Garcia sold 15,000 shares of Orchids Paper Products stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $13.44, for a total value of $201,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Rodney D. Gloss purchased 2,100 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was purchased at an average cost of $12.99 per share, for a total transaction of $27,279.00. Following the transaction, the chief financial officer now owns 9,600 shares of the company’s stock, valued at $124,704. The disclosure for this purchase can be found here. In the last three months, insiders bought 30,600 shares of company stock worth $411,399 and sold 180,000 shares worth $2,610,800.
Orchids Paper Products Company Profile
Orchids Paper Products Company is a supplier of consumer tissue products. The Company produces bulk tissue paper, known as parent rolls, and converts parent rolls into finished products, including paper towels, bathroom tissue and paper napkins. The Company offers customers a range of private label products across the value, premium and ultra-premium market segments.
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