North Star Investment Management Corp. decreased its position in shares of 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. The fund owned 135,739 shares of the basic materials company’s stock after selling 5,440 shares during the period. North Star Investment Management Corp. owned approximately 1.32% of Orchids Paper Products worth $1,758,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Guggenheim Capital LLC boosted its stake in shares of Orchids Paper Products by 27.6% in the fourth quarter. Guggenheim Capital LLC now owns 42,760 shares of the basic materials company’s stock valued at $1,120,000 after buying an additional 9,239 shares during the last quarter. State Street Corp boosted its stake in shares of Orchids Paper Products by 28.4% in the fourth quarter. State Street Corp now owns 158,839 shares of the basic materials company’s stock valued at $4,159,000 after buying an additional 35,161 shares during the last quarter. Two Sigma Investments LP purchased a new stake in shares of Orchids Paper Products during the fourth quarter valued at $240,000. Russell Investments Group Ltd. purchased a new stake in shares of Orchids Paper Products during the first quarter valued at $396,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Orchids Paper Products by 20.6% in the first quarter. Ameriprise Financial Inc. now owns 84,611 shares of the basic materials company’s stock valued at $2,032,000 after buying an additional 14,432 shares during the last quarter.
Shares of Orchids Paper Products Company (NYSEMKT:TIS) opened at 10.13 on Friday. The stock has a 50 day moving average price of $12.38 and a 200-day moving average price of $20.18. Orchids Paper Products Company has a 1-year low of $10.03 and a 1-year high of $30.38. The stock has a market capitalization of $104.36 million, a PE ratio of 15.93 and a beta of 0.48.
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TIS has been the topic of several recent research reports. Zacks Investment Research raised Orchids Paper Products from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 19th. ValuEngine raised Orchids Paper Products from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. TheStreet cut Orchids Paper Products from a “b-” rating to a “c” rating in a research note on Monday, May 1st. Finally, Jefferies Group LLC reissued a “hold” rating on shares of Orchids Paper Products in a research note on Tuesday, June 6th.
In related news, CFO Rodney D. Gloss purchased 7,500 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of $13.34 per share, for a total transaction of $100,050.00. Following the acquisition, the chief financial officer now owns 4,300 shares of the company’s stock, valued at approximately $57,362. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mario Armando Garcia sold 65,000 shares of Orchids Paper Products stock in a transaction on Monday, May 15th. The shares were sold at an average price of $15.23, for a total value of $989,950.00. The disclosure for this sale can be found here. Over the last quarter, 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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