Mario Armando Garcia Sells 50,000 Shares of Orchids Paper Products Company (TIS) Stock

Orchids Paper Products Company (NYSEMKT:TIS) Director Mario Armando Garcia sold 50,000 shares of Orchids Paper Products Company stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $15.19, for a total transaction of $759,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mario Armando Garcia also recently made the following trade(s):

  • On Thursday, May 18th, Mario Armando Garcia sold 25,000 shares of Orchids Paper Products Company stock. The shares were sold at an average price of $13.15, for a total transaction of $328,750.00.
  • On Monday, May 15th, Mario Armando Garcia sold 65,000 shares of Orchids Paper Products Company stock. The shares were sold at an average price of $15.23, for a total transaction of $989,950.00.

Orchids Paper Products Company (NYSEMKT:TIS) traded up 1.84% during trading on Friday, hitting $13.27. 70,272 shares of the stock traded hands. Orchids Paper Products Company has a 52-week low of $12.37 and a 52-week high of $36.31. The stock has a 50 day moving average price of $20.89 and a 200-day moving average price of $24.95. The stock has a market cap of $136.71 million, a P/E ratio of 20.86 and a beta of 0.48.

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

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

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Large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in 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. boosted its stake in 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 boosted its stake in 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 Orchids Paper Products Company during the first quarter worth about $203,000. Finally, Neuberger Berman Group LLC bought a new stake in Orchids Paper Products Company during the first quarter worth about $210,000.

Several brokerages have weighed in on TIS. Zacks Investment Research raised shares of Orchids Paper Products Company from a “sell” rating to a “hold” rating in a report on Wednesday, February 15th. TheStreet downgraded shares of Orchids Paper Products Company from a “b-” rating to a “c” rating in a report 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 stock a “hold” rating in a report on Wednesday, March 8th.

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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