North Star Investment Management Corp. lowered its position in Orchids Paper Products Company (NYSEMKT:TIS) by 3.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 about 1.32% of Orchids Paper Products worth $1,758,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Orchids Paper Products by 0.4% in the first quarter. Vanguard Group Inc. now owns 418,414 shares of the basic materials company’s stock valued at $10,042,000 after buying an additional 1,808 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Orchids Paper Products by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 402,040 shares of the basic materials company’s stock valued at $9,649,000 after buying an additional 2,715 shares during the period. Boston Partners boosted its position in shares of Orchids Paper Products by 2.2% in the first quarter. Boston Partners now owns 233,035 shares of the basic materials company’s stock valued at $5,593,000 after buying an additional 4,963 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of Orchids Paper Products by 765.0% in the first quarter. Mutual of America Capital Management LLC now owns 211,878 shares of the basic materials company’s stock valued at $5,085,000 after buying an additional 187,384 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its position in shares of Orchids Paper Products by 8.1% in the first quarter. Segall Bryant & Hamill LLC now owns 208,306 shares of the basic materials company’s stock valued at $4,999,000 after buying an additional 15,682 shares during the period.
Orchids Paper Products Company (TIS) traded down 2.34% during trading on Friday, reaching $10.01. The company’s stock had a trading volume of 180,776 shares. The stock has a market capitalization of $104.39 million, a price-to-earnings ratio of 53.53 and a beta of 0.48. Orchids Paper Products Company has a 52 week low of $8.31 and a 52 week high of $30.38. The firm has a 50 day moving average of $11.73 and a 200 day moving average of $19.40.
Orchids Paper Products (NYSEMKT:TIS) last announced its quarterly earnings results on Monday, August 7th. The basic materials company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.09. 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 $38.40 million during the quarter, compared to analyst estimates of $37.90 million. During the same quarter in the previous year, the business posted $0.30 EPS. Orchids Paper Products’s revenue for the quarter was down 2.5% compared to the same quarter last year. Analysts expect that Orchids Paper Products Company will post $0.52 EPS for the current year.
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Several equities analysts recently issued reports on TIS shares. Zacks Investment Research upgraded Orchids Paper Products from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 19th. ValuEngine upgraded Orchids Paper Products from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. TheStreet cut Orchids Paper Products from a “b-” rating to a “c” rating in a research report on Monday, May 1st. Finally, Jefferies Group LLC restated a “hold” rating on shares of Orchids Paper Products in a research report on Tuesday, June 6th.
In related news, Director Mario Armando Garcia sold 65,000 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $15.23, for a total transaction of $989,950.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Douglas Hailey acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The shares were bought at an average price of $13.38 per share, for a total transaction of $133,800.00. Following the purchase, the director now directly owns 72,900 shares of the company’s stock, valued at $975,402. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 29,600 shares of company stock worth $394,629 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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