Rhumbline Advisers boosted its holdings in Orchids Paper Products Company (NYSEMKT:TIS) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,092 shares of the basic materials company’s stock after purchasing an additional 646 shares during the period. Rhumbline Advisers owned about 0.10% of Orchids Paper Products worth $131,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TIS. New Jersey Better Educational Savings Trust bought a new stake in shares of Orchids Paper Products in the second quarter valued at $311,000. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Orchids Paper Products in the second quarter valued at $389,000. HighTower Advisors LLC bought a new stake in shares of Orchids Paper Products in the first quarter valued at $617,000. Bank of America Corp DE raised its stake in shares of Orchids Paper Products by 61.2% in the first quarter. Bank of America Corp DE now owns 5,480 shares of the basic materials company’s stock valued at $132,000 after buying an additional 2,080 shares during the period. Finally, KCG Holdings Inc. bought a new stake in shares of Orchids Paper Products in the first quarter valued at $203,000.

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Shares of Orchids Paper Products Company (NYSEMKT:TIS) opened at 13.07 on Thursday. The company has a market capitalization of $136.31 million, a price-to-earnings ratio of 69.89 and a beta of 0.48. The firm has a 50 day moving average price of $13.09 and a 200 day moving average price of $14.29. Orchids Paper Products Company has a 52 week low of $8.31 and a 52 week high of $30.38.

Orchids Paper Products (NYSEMKT:TIS) last released its quarterly earnings results on Monday, August 7th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.09). The firm had revenue of $38.40 million during the quarter, compared to analysts’ expectations of $37.90 million. Orchids Paper Products had a negative return on equity of 6.37% and a negative net margin of 5.32%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.30 earnings per share. Equities analysts forecast that Orchids Paper Products Company will post $0.02 EPS for the current year.

Several brokerages have issued reports on TIS. ValuEngine upgraded Orchids Paper Products from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. TheStreet lowered Orchids Paper Products from a “c” rating to a “d+” rating in a research note on Monday, August 7th. Finally, Zacks Investment Research upgraded Orchids Paper Products from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th.

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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