Orchids Paper Products Company (NYSEMKT:TIS) Cut to “D+” at TheStreet
Orchids Paper Products Company (NYSEMKT:TIS) was downgraded by equities researchers at TheStreet from a “c” rating to a “d+” rating in a research report issued on Monday.
TIS has been the topic of a number of other reports. ValuEngine raised shares of Orchids Paper Products from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Jefferies Group LLC restated a “hold” rating on shares of Orchids Paper Products in a research report on Tuesday, June 6th. Finally, Zacks Investment Research upgraded shares of Orchids Paper Products from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 19th.
Shares of Orchids Paper Products (NYSEMKT TIS) opened at 8.90 on Monday. The firm has a 50-day moving average of $12.38 and a 200-day moving average of $20.18. The firm has a market cap of $91.69 million, a PE ratio of 13.99 and a beta of 0.48. Orchids Paper Products has a 52 week low of $8.58 and a 52 week high of $30.38.
Orchids Paper Products (NYSEMKT:TIS) last posted its quarterly earnings results on Monday, August 7th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.09. The company had revenue of $38.40 million for the quarter, compared to the consensus estimate of $37.90 million. Orchids Paper Products had a negative net margin of 2.43% and a negative return on equity of 2.63%. Orchids Paper Products’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS. On average, analysts expect that Orchids Paper Products will post $0.52 EPS for the current year.
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In other Orchids Paper Products news, Director Douglas Hailey acquired 10,000 shares of Orchids Paper Products stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average cost of $13.38 per share, for a total transaction of $133,800.00. Following the acquisition, the director now owns 72,900 shares of the company’s stock, valued at $975,402. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mario Armando Garcia sold 65,000 shares of Orchids Paper Products stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $15.23, for a total value of $989,950.00. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 30,600 shares of company stock valued at $411,399 and sold 180,000 shares valued at $2,610,800.
A number of large investors have recently added to or reduced their stakes in TIS. North Star Investment Management increased its stake in Orchids Paper Products by 0.9% in the fourth quarter. North Star Investment Management now owns 57,405 shares of the basic materials company’s stock worth $1,775,000 after buying an additional 521 shares in the last quarter. Naples Global Advisors LLC increased its stake in Orchids Paper Products by 2.1% in the fourth quarter. Naples Global Advisors LLC now owns 47,635 shares of the basic materials company’s stock worth $1,473,000 after buying an additional 1,000 shares in the last quarter. Friedberg Investment Management purchased a new stake in Orchids Paper Products during the fourth quarter worth about $1,787,000. Boston Partners increased its stake in Orchids Paper Products by 2.8% in the fourth quarter. Boston Partners now owns 159,777 shares of the basic materials company’s stock worth $4,940,000 after buying an additional 4,292 shares in the last quarter. Finally, Morgan Stanley increased its stake in Orchids Paper Products by 61.3% in the fourth quarter. Morgan Stanley now owns 62,524 shares of the basic materials company’s stock worth $1,933,000 after buying an additional 23,772 shares in the last quarter.
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.
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