Latest Stocks: Jefferies Group LLC Reiterates “Hold” Rating for Orchids Paper Products Company (TIS)

Latest Stocks: Jefferies Group LLC Reiterates “Hold” Rating for Orchids Paper Products Company (TIS)

Orchids Paper Products Company (NYSEMKT:TIS)‘s stock had its “hold” rating reissued by equities research analysts at Jefferies Group LLC in a report issued on Tuesday.

TIS has been the subject of a number of other reports. Zacks Investment Research cut Orchids Paper Products Company from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 7th. TheStreet cut Orchids Paper Products Company from a “b-” rating to a “c” rating in a research report on Monday, May 1st.

In related news, CFO Rodney D. Gloss acquired 2,100 shares of Orchids Paper Products Company stock in a transaction on Friday, May 19th. The stock was purchased at an average cost of $12.99 per share, with a total value of $27,279.00. Following the purchase, the chief financial officer now directly owns 9,600 shares in the company, valued at $124,704. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mario Armando Garcia sold 65,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $15.23, for a total value of $989,950.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 31,498 shares of company stock valued at $432,637 and have sold 180,000 shares valued at $2,610,800. Institutional investors have recently modified their holdings of the company. Boston Partners increased its position in shares of Orchids Paper Products Company 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 during the period. North Star Investment Management Corp. increased its position in Orchids Paper Products Company by 59.8% in the first quarter. North Star Investment Management Corp. now owns 141,179 shares of the basic materials company’s stock valued at $3,388,000 after buying an additional 52,816 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Orchids Paper Products Company during the first quarter valued at $396,000. Cubic Asset Management LLC increased its position in Orchids Paper Products Company by 0.8% in the first quarter. Cubic Asset Management LLC now owns 48,430 shares of the basic materials company’s stock valued at $1,162,000 after buying an additional 375 shares during the last quarter. Finally, Naples Global Advisors LLC increased its position in Orchids Paper Products Company by 1.1% in the first quarter. Naples Global Advisors LLC now owns 55,681 shares of the basic materials company’s stock valued at $1,336,000 after buying an additional 600 shares during the last quarter.

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