Wells Fargo & Company MN lifted its holdings in Orchids Paper Products (NYSEAMERICAN:TIS) by 70.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,282 shares of the basic materials company’s stock after buying an additional 11,728 shares during the period. Wells Fargo & Company MN owned approximately 0.27% of Orchids Paper Products worth $362,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of TIS. Perritt Capital Management Inc. increased its holdings in shares of Orchids Paper Products by 34.6% in the fourth quarter. Perritt Capital Management Inc. now owns 216,658 shares of the basic materials company’s stock worth $2,773,000 after purchasing an additional 55,700 shares during the period. Teton Advisors Inc. purchased a new stake in Orchids Paper Products during the fourth quarter valued at about $297,000. Finally, Mutual of America Capital Management LLC boosted its position in Orchids Paper Products by 36.9% during the fourth quarter. Mutual of America Capital Management LLC now owns 524,898 shares of the basic materials company’s stock valued at $6,719,000 after buying an additional 141,498 shares during the period.
Separately, Zacks Investment Research upgraded shares of Orchids Paper Products from a “sell” rating to a “hold” rating in a research report on Friday, March 2nd.
Shares of TIS opened at $5.28 on Monday. Orchids Paper Products has a one year low of $5.05 and a one year high of $17.04.
Orchids Paper Products (NYSEAMERICAN:TIS) last announced its quarterly earnings results on Wednesday, April 25th. The basic materials company reported ($0.11) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. Orchids Paper Products had a net margin of 1.56% and a return on equity of 2.19%. The company had revenue of $48.25 million during the quarter, compared to the consensus estimate of $47.15 million.
Orchids Paper Products Company Profile
Orchids Paper Products Company manufactures and sells tissue products for at-home and away from home markets in the United States. Its products include paper towels, bathroom tissues, and paper napkins. The company offers its products under the Orchids Supreme, Clean Scents, Tackle, Colortex, My Size, Velvet, and Big Mopper brands; and licensed brands, such as Virtue, Truly Green, Golden Gate Paper, and Big Quality.
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