Jeffrey S. Schoen Purchases 5,000 Shares of Orchids Paper Products Company (TIS) Stock

Orchids Paper Products Company (NYSEMKT:TIS) CEO Jeffrey S. Schoen bought 5,000 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was bought at an average price of $13.50 per share, for a total transaction of $67,500.00. Following the completion of the purchase, the chief executive officer now owns 34,889 shares of the company’s stock, valued at $471,001.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Orchids Paper Products Company (NYSEMKT:TIS) traded up 2.00% on Friday, reaching $13.29. 266,946 shares of the company’s stock were exchanged. The company has a market cap of $136.91 million, a PE ratio of 20.90 and a beta of 0.48. The firm’s 50 day moving average price is $20.89 and its 200 day moving average price is $24.95. Orchids Paper Products Company has a 52-week low of $12.37 and a 52-week high of $36.31.

Orchids Paper Products Company (NYSEMKT:TIS) last announced its quarterly earnings results on Monday, May 1st. The basic materials company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.19. The firm had revenue of $35.40 million for the quarter, compared to analysts’ expectations of $40.08 million. During the same period in the previous year, the company earned $0.56 EPS. The firm’s revenue for the quarter was down 25.8% on a year-over-year basis. On average, analysts expect that Orchids Paper Products Company will post $0.89 earnings per share for the current year.

Insider Buying and Selling by Quarter for Orchids Paper Products Company (NYSEMKT:TIS)

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Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE raised its stake in shares of Orchids Paper Products Company by 61.2% in the first quarter. Bank of America Corp DE now owns 5,480 shares of the basic materials company’s stock worth $132,000 after buying an additional 2,080 shares in the last quarter. American International Group Inc. raised its stake in shares of Orchids Paper Products Company by 7.0% in the first quarter. American International Group Inc. now owns 5,560 shares of the basic materials company’s stock worth $133,000 after buying an additional 364 shares in the last quarter. WFG Advisors LP raised its stake in shares of Orchids Paper Products Company by 850.2% in the fourth quarter. WFG Advisors LP now owns 4,751 shares of the basic materials company’s stock worth $199,000 after buying an additional 4,251 shares in the last quarter. KCG Holdings Inc. bought a new stake in shares of Orchids Paper Products Company during the first quarter worth approximately $203,000. Finally, Neuberger Berman Group LLC bought a new stake in shares of Orchids Paper Products Company during the first quarter worth approximately $210,000.

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Orchids Paper Products Company from a “sell” rating to a “hold” rating in a research note on Wednesday, February 15th. TheStreet cut shares of Orchids Paper Products Company from a “b-” rating to a “c” rating in a research note on Monday, May 1st. Finally, Jefferies Group LLC boosted their target price on shares of Orchids Paper Products Company from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Wednesday, March 8th.

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 a range of private label products across the value, premium and ultra-premium market segments.

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