Oppenheimer & Co. Inc. purchased a new position in Orchids Paper Products Company (NYSE:TIS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,150 shares of the company’s stock, valued at approximately $219,000. Oppenheimer & Co. Inc. owned 0.06% of Orchids Paper Products Company as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of TIS. Cambridge Investment Research Advisors Inc. bought a new stake in Orchids Paper Products Company during the second quarter worth approximately $327,000. RidgeWorth Capital Management LLC bought a new stake in Orchids Paper Products Company during the second quarter worth approximately $405,000. Wealthsource Partners LLC boosted its stake in Orchids Paper Products Company by 11.7% in the second quarter. Wealthsource Partners LLC now owns 15,794 shares of the company’s stock worth $562,000 after buying an additional 1,657 shares during the last quarter. Commonwealth Equity Services Inc boosted its stake in Orchids Paper Products Company by 24.9% in the second quarter. Commonwealth Equity Services Inc now owns 16,846 shares of the company’s stock worth $599,000 after buying an additional 3,355 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Orchids Paper Products Company by 22.7% in the second quarter. GSA Capital Partners LLP now owns 26,985 shares of the company’s stock worth $960,000 after buying an additional 5,000 shares during the last quarter.

Orchids Paper Products Company (NYSE:TIS) traded up 2.16% during midday trading on Friday, reaching $27.85. 45,339 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $28.16 and a 200 day moving average price of $30.63. Orchids Paper Products Company has a 12-month low of $24.65 and a 12-month high of $36.31. The company has a market cap of $286.74 million and a price-to-earnings ratio of 17.56.

Orchids Paper Products Company (NYSE:TIS) last released its earnings results on Wednesday, July 27th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by $0.09. The business had revenue of $39.40 million for the quarter, compared to the consensus estimate of $47.11 million. The company’s revenue was down 6.9% on a year-over-year basis. On average, analysts expect that Orchids Paper Products Company will post $1.37 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Orchids Paper Products Company from a “hold” rating to a “strong-buy” rating and set a $40.00 price target for the company in a report on Thursday, June 23rd.

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.

5 Day Chart for NYSE:TIS

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