Insider Selling: KP Tissue (TSE:KPT) Director Sells 2,000 Shares of Stock

KP Tissue Inc. (TSE:KPT) Director David Spraley sold 2,000 shares of KP Tissue stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of C$13.00, for a total transaction of C$26,000.00. Following the sale, the director owned 19,380 shares in the company, valued at approximately C$251,940. This trade represents a 9.35% decrease in their ownership of the stock.

KP Tissue Price Performance

Shares of KP Tissue stock traded down C$0.03 during trading on Wednesday, hitting C$13.25. 20,550 shares of the company’s stock traded hands, compared to its average volume of 15,829. The firm’s fifty day moving average price is C$11.77 and its 200 day moving average price is C$10.97. KP Tissue Inc. has a twelve month low of C$8.73 and a twelve month high of C$13.49. The company has a market cap of C$132.87 million, a PE ratio of 14.72, a PEG ratio of -0.88 and a beta of 0.55.

KP Tissue (TSE:KPT) last issued its earnings results on Thursday, May 14th. The company reported C$0.22 earnings per share for the quarter. As a group, equities research analysts anticipate that KP Tissue Inc. will post 0.4398964 earnings per share for the current year.

KP Tissue Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Desjardins lifted their price target 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. TD boosted their price target on shares of KP Tissue from C$11.00 to C$12.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, KP Tissue presently has a consensus rating of “Hold” and an average price target of C$11.63.

About KP Tissue

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.