Orchids Paper Products Company (NYSEMKT:TIS) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

A number of other analysts have also issued reports on the company. Jefferies Group LLC restated a “hold” rating on shares of Orchids Paper Products Company in a report on Tuesday, June 6th. Zacks Investment Research lowered Orchids Paper Products Company from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th. Finally, TheStreet lowered Orchids Paper Products Company from a “b-” rating to a “c” rating in a report on Monday, May 1st.

Orchids Paper Products Company (NYSEMKT TIS) traded down 2.23% during trading on Wednesday, reaching $12.71. The company’s stock had a trading volume of 137,197 shares. The firm has a market capitalization of $130.94 million, a P/E ratio of 19.98 and a beta of 0.48. The firm has a 50-day moving average price of $15.61 and a 200-day moving average price of $23.44. Orchids Paper Products Company has a 52 week low of $11.39 and a 52 week high of $36.31.

Orchids Paper Products Company (NYSEMKT:TIS) last released its earnings results on Monday, May 1st. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.19. The firm had revenue of $35.40 million during the quarter, compared to the consensus estimate of $40.08 million. The firm’s quarterly revenue was down 25.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 EPS. On average, equities analysts anticipate that Orchids Paper Products Company will post $0.60 EPS for the current fiscal year.

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In related news, Director Douglas Hailey purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of $13.38 per share, with a total value of $133,800.00. Following the completion of the purchase, the director now owns 72,900 shares of the company’s stock, valued at approximately $975,402. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mario Armando Garcia sold 15,000 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $13.44, for a total transaction of $201,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 31,498 shares of company stock worth $432,637 and sold 180,000 shares worth $2,610,800.

A number of institutional investors have recently bought and sold shares of the company. Cadence Capital Management LLC increased its position in Orchids Paper Products Company by 2.6% in the fourth quarter. Cadence Capital Management LLC now owns 27,705 shares of the basic materials company’s stock valued at $725,000 after buying an additional 689 shares during the last quarter. State Street Corp increased its position in Orchids Paper Products Company by 28.4% in the fourth quarter. State Street Corp now owns 158,839 shares of the basic materials company’s stock valued at $4,159,000 after buying an additional 35,161 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Orchids Paper Products Company by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 399,325 shares of the basic materials company’s stock valued at $10,454,000 after buying an additional 18,310 shares during the last quarter. Two Sigma Investments LP acquired a new position in Orchids Paper Products Company during the fourth quarter valued at approximately $240,000. Finally, Guggenheim Capital LLC increased its position in Orchids Paper Products Company by 27.6% in the fourth quarter. Guggenheim Capital LLC now owns 42,760 shares of the basic materials company’s stock valued at $1,120,000 after buying an additional 9,239 shares during the last quarter.

About Orchids Paper Products Company

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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