New Jersey Better Educational Savings Trust purchased a new position in Orchids Paper Products Company (NYSEMKT:TIS) during the second quarter, Holdings Channel reports. The institutional investor purchased 24,000 shares of the basic materials company’s stock, valued at approximately $311,000.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Orchids Paper Products by 0.4% in the first quarter. Vanguard Group Inc. now owns 418,414 shares of the basic materials company’s stock worth $10,042,000 after buying an additional 1,808 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Orchids Paper Products by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 402,040 shares of the basic materials company’s stock worth $9,649,000 after buying an additional 2,715 shares in the last quarter. Boston Partners increased its stake in shares of Orchids Paper Products by 2.2% in the first quarter. Boston Partners now owns 233,035 shares of the basic materials company’s stock worth $5,593,000 after buying an additional 4,963 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Orchids Paper Products by 765.0% in the first quarter. Mutual of America Capital Management LLC now owns 211,878 shares of the basic materials company’s stock worth $5,085,000 after buying an additional 187,384 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its stake in shares of Orchids Paper Products by 8.1% in the first quarter. Segall Bryant & Hamill LLC now owns 208,306 shares of the basic materials company’s stock worth $4,999,000 after buying an additional 15,682 shares in the last quarter.

Orchids Paper Products Company (NYSEMKT:TIS) opened at 10.01 on Friday. The firm’s 50-day moving average is $11.73 and its 200-day moving average is $19.40. Orchids Paper Products Company has a 12 month low of $8.31 and a 12 month high of $30.38. The company has a market capitalization of $103.77 million, a PE ratio of 53.53 and a beta of 0.48.

Orchids Paper Products (NYSEMKT:TIS) last issued its quarterly earnings data on Monday, August 7th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.09. The firm had revenue of $38.40 million for the quarter, compared to analysts’ expectations of $37.90 million. Orchids Paper Products had a negative return on equity of 2.63% and a negative net margin of 2.43%. The firm’s revenue was down 2.5% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. Equities analysts anticipate that Orchids Paper Products Company will post $0.52 EPS for the current fiscal year.

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A number of brokerages recently weighed in on TIS. TheStreet downgraded shares of Orchids Paper Products from a “c” rating to a “d+” rating in a research note on Monday, August 7th. ValuEngine cut shares of Orchids Paper Products from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Jefferies Group LLC reiterated a “hold” rating on shares of Orchids Paper Products in a research report on Tuesday, June 6th. Finally, Zacks Investment Research cut shares of Orchids Paper Products from a “hold” rating to a “sell” rating in a research report on Wednesday, May 10th.

In other news, CFO Rodney D. Gloss acquired 2,100 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were acquired at an average cost of $12.99 per share, with a total value of $27,279.00. Following the acquisition, the chief financial officer now directly owns 9,600 shares of the company’s stock, valued at $124,704. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Douglas Hailey acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average cost of $13.38 per share, for a total transaction of $133,800.00. Following the completion of the acquisition, the director now directly owns 72,900 shares in the company, valued at $975,402. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 29,600 shares of company stock worth $394,629 and have sold 180,000 shares worth $2,610,800.

Orchids Paper Products 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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Institutional Ownership by Quarter for Orchids Paper Products (NYSEMKT:TIS)

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