NJ State Employees Deferred Compensation Plan Has $732,000 Position in Orchids Paper Products Company (TIS)

NJ State Employees Deferred Compensation Plan boosted its holdings in Orchids Paper Products Company (NYSEMKT:TIS) by 73.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,000 shares of the basic materials company’s stock after purchasing an additional 22,000 shares during the period. NJ State Employees Deferred Compensation Plan owned about 0.50% of Orchids Paper Products worth $732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. American International Group Inc. boosted its holdings in Orchids Paper Products by 7.0% in the first quarter. American International Group Inc. now owns 5,560 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 364 shares during the last quarter. Rhumbline Advisers boosted its holdings in Orchids Paper Products by 6.8% in the second quarter. Rhumbline Advisers now owns 10,092 shares of the basic materials company’s stock valued at $131,000 after purchasing an additional 646 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Orchids Paper Products by 4.7% in the second quarter. TIAA CREF Investment Management LLC now owns 24,304 shares of the basic materials company’s stock valued at $315,000 after purchasing an additional 1,090 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in Orchids Paper Products by 16.0% in the second quarter. Neuberger Berman Group LLC now owns 10,150 shares of the basic materials company’s stock valued at $131,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Wilen Investment Management CORP. boosted its holdings in Orchids Paper Products by 20.5% in the second quarter. Wilen Investment Management CORP. now owns 10,571 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 1,800 shares during the last quarter.

A number of research analysts recently commented on TIS shares. ValuEngine downgraded Orchids Paper Products from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research raised Orchids Paper Products from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, TheStreet downgraded Orchids Paper Products from a “c” rating to a “d+” rating in a report on Monday, August 7th.

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Orchids Paper Products (NYSEMKT:TIS) last issued its quarterly earnings results 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 business had revenue of $38.40 million during the quarter, compared to analyst estimates of $37.90 million. Orchids Paper Products had a negative net margin of 5.32% and a negative return on equity of 6.37%. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share.

About Orchids Paper Products

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.

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

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