Argent Capital Management Decreased Orchids Paper Products Company (TIS) Position By $1.26 Million; Pattern Energy Group Class A (PEGI) Shorts Lowered By 1.9%

September 17, 2017 - By Ellis Scott

Argent Capital Management Llc decreased Orchids Paper Products Company (TIS) stake by 50.72% reported in 2016Q4 SEC filing. Argent Capital Management Llc sold 48,360 shares as Orchids Paper Products Company (TIS)’s stock declined 54.86%. The Argent Capital Management Llc holds 46,990 shares with $1.23 million value, down from 95,350 last quarter. Orchids Paper Products Company now has $131.82 million valuation. The stock increased 3.78% or $0.46 on September 15, reaching $12.64. About 109,815 shares traded. Orchids Paper Products Company (NYSEMKT:TIS) has declined 56.11% since September 17, 2016 and is downtrending. It has underperformed by 72.81% the S&P500.

Pattern Energy Group Class A (NASDAQ:PEGI) had a decrease of 1.9% in short interest. PEGI’s SI was 4.70 million shares in September as released by FINRA. Its down 1.9% from 4.80M shares previously. With 589,800 avg volume, 8 days are for Pattern Energy Group Class A (NASDAQ:PEGI)’s short sellers to cover PEGI’s short positions. The SI to Pattern Energy Group Class A’s float is 8.98%. The stock increased 0.57% or $0.15 on September 15, reaching $26.3. About 842,945 shares traded or 20.96% up from the average. Pattern Energy Group Inc (NASDAQ:PEGI) has risen 6.74% since September 17, 2016 and is uptrending. It has underperformed by 9.96% the S&P500.

Analysts await Orchids Paper Products Company (NYSEMKT:TIS) to report earnings on October, 25. They expect $0.15 EPS, down 28.57% or $0.06 from last year’s $0.21 per share. TIS’s profit will be $1.56 million for 21.07 P/E if the $0.15 EPS becomes a reality. After $-0.12 actual EPS reported by Orchids Paper Products Company for the previous quarter, Wall Street now forecasts -225.00% EPS growth.

Argent Capital Management Llc increased Cirrus Logic Inc. (NASDAQ:CRUS) stake by 7,650 shares to 63,150 valued at $3.57M in 2016Q4. It also upped Patrick Industries Inc. (NASDAQ:PATK) stake by 9,840 shares and now owns 56,640 shares. Hooker Furniture Corporation (NASDAQ:HOFT) was raised too.

Among 2 analysts covering Orchids Paper Products Co (NYSEMKT:TIS), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Orchids Paper Products Co had 4 analyst reports since October 15, 2015 according to SRatingsIntel. The company was maintained on Tuesday, October 27 by Oppenheimer.

Investors sentiment increased to 1.54 in Q4 2016. Its up 0.21, from 1.33 in 2016Q3. It increased, as 19 investors sold Pattern Energy Group Inc shares while 48 reduced holdings. 22 funds opened positions while 60 raised stakes. 95.02 million shares or 4.52% less from 99.51 million shares in 2016Q3 were reported. Paloma Partners has invested 0% in Pattern Energy Group Inc (NASDAQ:PEGI). Brookfield Asset Mgmt, Ontario – Canada-based fund reported 226,900 shares. Morgan Stanley owns 5.06 million shares. The Switzerland-based Gam Holdg Ag has invested 0.06% in Pattern Energy Group Inc (NASDAQ:PEGI). Daiwa Sb Investments Ltd reported 0.23% stake. Credit Suisse Ag holds 301,868 shares or 0.01% of its portfolio. Lpl Financial Limited Liability Company reported 11,070 shares. Ubs Asset Mngmt Americas Inc owns 0% invested in Pattern Energy Group Inc (NASDAQ:PEGI) for 16,300 shares. Swiss Bancorp reported 0% stake. Insur Tx reported 0.03% in Pattern Energy Group Inc (NASDAQ:PEGI). Alpine Woods Cap Investors Limited Liability reported 587,600 shares stake. Northern Tru Corporation has 0% invested in Pattern Energy Group Inc (NASDAQ:PEGI) for 829,400 shares. Eventide Asset Mgmt Limited Co invested in 881,000 shares or 1.09% of the stock. Advisory holds 0.42% or 1.50M shares in its portfolio. Amp Capital Investors accumulated 48,307 shares.

Among 13 analysts covering Pattern Energy (NASDAQ:PEGI), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Pattern Energy had 28 analyst reports since July 24, 2015 according to SRatingsIntel. Bank of America upgraded Pattern Energy Group Inc (NASDAQ:PEGI) on Thursday, October 29 to “Buy” rating. The firm earned “Outperform” rating on Friday, November 18 by Credit Suisse. On Monday, June 19 the stock rating was maintained by Desjardins Securities with “Buy”. RBC Capital Markets maintained Pattern Energy Group Inc (NASDAQ:PEGI) on Friday, July 21 with “Buy” rating. The firm has “Overweight” rating given on Friday, September 11 by JP Morgan. The rating was downgraded by JP Morgan to “Neutral” on Friday, December 16. Desjardins Securities maintained the shares of PEGI in report on Wednesday, August 2 with “Buy” rating. On Friday, June 9 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Pattern Energy Group Inc (NASDAQ:PEGI) has “Outperform” rating given on Friday, July 24 by Avondale. BMO Capital Markets maintained Pattern Energy Group Inc (NASDAQ:PEGI) rating on Monday, July 31. BMO Capital Markets has “Buy” rating and $2800 target.

Since May 25, 2017, it had 0 insider purchases, and 4 selling transactions for $89,700 activity. Pedersen Esben W. had sold 1,200 shares worth $27,600 on Friday, June 2. The insider Shugart Christopher M. sold 500 shares worth $11,500.

Pattern Energy Group Inc. is an independent power firm focused on owning and operating power projects. The company has market cap of $2.30 billion. The Firm holds interests in over 18 wind power projects located in the United States, Canada and Chile with total capacity of over 2,644 megawatts . It has a 78.07 P/E ratio. Each of its projects has contracted to sell its output pursuant to a power sale agreement.

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