Insider Selling: KP Tissue (TSE:KPT) Director Sells 3,668 Shares of Stock

KP Tissue Inc. (TSE:KPT) Director David Spraley sold 3,668 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of C$13.30, for a total transaction of C$48,784.40. Following the completion of the transaction, the director directly owned 15,712 shares in the company, valued at C$208,969.60. This represents a 18.93% decrease in their ownership of the stock.

KP Tissue Price Performance

KP Tissue stock traded down C$0.03 during midday trading on Wednesday, reaching C$13.25. The company had a trading volume of 20,550 shares, compared to its average volume of 15,829. The company has a market capitalization of C$132.87 million, a P/E ratio of 14.72, a P/E/G ratio of -0.88 and a beta of 0.55. KP Tissue Inc. has a 12-month low of C$8.73 and a 12-month high of C$13.49. The firm’s fifty day simple moving average is C$11.77 and its 200-day simple moving average is C$10.97.

KP Tissue (TSE:KPT) last issued its quarterly earnings results on Thursday, May 14th. The company reported C$0.22 earnings per share for the quarter. On average, analysts expect that KP Tissue Inc. will post 0.4398964 EPS for the current fiscal year.

KP Tissue Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a $0.21 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.84 dividend on an annualized basis and a yield of 6.3%. KP Tissue’s dividend payout ratio is presently 80.00%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on KPT. TD increased their price objective on shares of KP Tissue from C$11.00 to C$12.00 and gave the company a “hold” rating in a report on Friday, May 15th. Desjardins increased their price objective on shares of KP Tissue from C$12.00 to C$12.50 and gave the company a “hold” rating in a report on Friday, May 15th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$11.63.

KP Tissue Company Profile

KP Tissue Inc operates as a holding company. The firm produces, distributes, markets, and sells a range of disposable tissue products in North America. It offers bathroom and facial tissues, paper towels, paper towels, and napkins, as well as disposable wiping products and washroom dispensing systems.