Orchids Paper Products Company (TIS) Downgraded to Strong Sell at Zacks Investment Research

Orchids Paper Products Company (NYSEMKT:TIS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Friday.

According to Zacks, “Orchids Paper Products Company is a tissue paper company that manufacturers and converts tissue product for the private label consumer market. “

Orchids Paper Products Company (NYSEMKT:TIS) traded down 1.79% during midday trading on Friday, reaching $28.02. The company had a trading volume of 154,294 shares. The firm has a market capitalization of $288.49 million, a PE ratio of 22.60 and a beta of 0.48. Orchids Paper Products Company has a 12 month low of $23.14 and a 12 month high of $36.31. The firm’s 50-day moving average price is $27.26 and its 200 day moving average price is $26.82.

The business also recently announced a dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, February 27th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, February 23rd. Orchids Paper Products Company’s dividend payout ratio (DPR) is currently 88.61%.

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Several large investors have recently bought and sold shares of the stock. Ranger Investment Management L.P. raised its stake in Orchids Paper Products Company by 6.9% in the fourth quarter. Ranger Investment Management L.P. now owns 58,800 shares of the company’s stock worth $1,539,000 after buying an additional 3,810 shares during the period. Guggenheim Capital LLC raised its stake in Orchids Paper Products Company by 27.6% in the fourth quarter. Guggenheim Capital LLC now owns 42,760 shares of the company’s stock worth $1,120,000 after buying an additional 9,239 shares during the period. Two Sigma Investments LP bought a new stake in Orchids Paper Products Company during the fourth quarter worth about $240,000. Dimensional Fund Advisors LP raised its stake in Orchids Paper Products Company by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 399,325 shares of the company’s stock worth $10,454,000 after buying an additional 18,310 shares during the period. Finally, State Street Corp raised its stake in Orchids Paper Products Company by 28.4% in the fourth quarter. State Street Corp now owns 158,839 shares of the company’s stock worth $4,159,000 after buying an additional 35,161 shares during the period.

Orchids Paper Products Company 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 an array of private label products across the value, premium and ultra-premium market segments.

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