Insider Buying: Jeffrey S. Schoen Purchases 1,389 Shares of Orchids Paper Products Stock (TIS)
Orchids Paper Products (NYSE:TIS) CEO Jeffrey S. Schoen purchased 1,389 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was purchased at an average price of $26.60 per share, for a total transaction of $36,947.40. Following the purchase, the chief executive officer now directly owns 12,389 shares in the company, valued at approximately $329,547. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Separately, analysts at Singular Research raised their price target on shares of Orchids Paper Products from $35.00 to $36.00 in a research note on Wednesday, June 18th. They now have a “buy” rating on the stock.
Shares of Orchids Paper Products (NYSE:TIS) traded up 1.46% on Thursday, hitting $27.09. The stock had a trading volume of 70,685 shares. Orchids Paper Products has a one year low of $25.42 and a one year high of $34.20. The stock has a 50-day moving average of $28.90 and a 200-day moving average of $30.29. The company has a market cap of $237.3 million and a P/E ratio of 21.02.
Orchids Paper Products (NYSE:TIS) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by $0.12. The company had revenue of $29.20 million for the quarter, compared to the consensus estimate of $31.44 million. On average, analysts predict that Orchids Paper Products will post $1.48 earnings per share for the current fiscal year.
Orchids Paper Products Company is a manufacturer of tissue products serving the at-home tissue market.
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