NJ State Employees Deferred Compensation Plan Takes Position in Orchids Paper Products Company (NYSEMKT:TIS)

NJ State Employees Deferred Compensation Plan purchased a new stake in shares of Orchids Paper Products Company (NYSEMKT:TIS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 30,000 shares of the basic materials company’s stock, valued at approximately $389,000. NJ State Employees Deferred Compensation Plan owned approximately 0.29% of Orchids Paper Products as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. American International Group Inc. boosted 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 during the last quarter. Cubic Asset Management LLC raised its position in Orchids Paper Products by 0.8% in the first quarter. Cubic Asset Management LLC now owns 48,430 shares of the basic materials company’s stock valued at $1,162,000 after buying an additional 375 shares during the last quarter. Naples Global Advisors LLC raised its position in Orchids Paper Products by 1.1% in the first quarter. Naples Global Advisors LLC now owns 55,681 shares of the basic materials company’s stock valued at $1,336,000 after buying an additional 600 shares during the last quarter. Vanguard Group Inc. raised its position in 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 last quarter. Finally, Geode Capital Management LLC raised its position in Orchids Paper Products by 2.7% in the first quarter. Geode Capital Management LLC now owns 68,731 shares of the basic materials company’s stock valued at $1,649,000 after buying an additional 1,817 shares during the last quarter.

Shares of Orchids Paper Products Company (TIS) traded down 0.91% on Friday, reaching $9.79. The company’s stock had a trading volume of 168,003 shares. Orchids Paper Products Company has a one year low of $8.31 and a one year high of $30.38. The firm has a market capitalization of $102.10 million, a PE ratio of 52.35 and a beta of 0.48. The firm has a 50-day moving average price of $11.30 and a 200 day moving average price of $18.74.

Orchids Paper Products (NYSEMKT:TIS) last posted its quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.09. The business had revenue of $38.40 million during the quarter, compared to analyst estimates of $37.90 million. Orchids Paper Products had a negative return on equity of 2.63% and a negative net margin of 2.43%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. On average, analysts anticipate that Orchids Paper Products Company will post $0.46 earnings per share for the current fiscal year.

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A number of equities research analysts have recently weighed in on TIS shares. TheStreet lowered Orchids Paper Products from a “b-” rating to a “c” rating in a research report on Monday, May 1st. Zacks Investment Research lowered Orchids Paper Products from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th. Jefferies Group LLC restated a “hold” rating on shares of Orchids Paper Products in a research report on Tuesday, June 6th. Finally, ValuEngine cut Orchids Paper Products from a “hold” rating to a “sell” rating in a research note on Wednesday, June 14th.

In related news, Director Mario Armando Garcia sold 15,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $13.44, for a total value of $201,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

About Orchids Paper Products

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.