Insider Buying: Steven R. Berlin Buys 1,000 Shares of Orchids Paper Products Stock (TIS)
Orchids Paper Products (NYSE:TIS) Chairman Steven R. Berlin purchased 1,000 shares of Orchids Paper Products stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average cost of $29.22 per share, for a total transaction of $29,220.00. Following the purchase, the chairman now directly owns 11,650 shares in the company, valued at approximately $340,413. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Orchids Paper Products (NYSE:TIS) traded down 1.10% during mid-day trading on Friday, hitting $28.85. The stock had a trading volume of 27,121 shares. Orchids Paper Products has a 52 week low of $22.74 and a 52 week high of $34.20. The stock has a 50-day moving average of $28.95 and a 200-day moving average of $31.14. The company has a market cap of $232.9 million and a P/E ratio of 18.25.
Orchids Paper Products (NYSE:TIS) last released its earnings data on Tuesday, April 22nd. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.08. Analysts expect that Orchids Paper Products will post $1.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 16th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Wednesday, April 30th.
Orchids Paper Products Company is a manufacturer of tissue products serving the at-home tissue market.
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