Insider Selling: Clearwater Paper Co. (NYSE:CLW) SVP Sells 1,132 Shares of Stock

Clearwater Paper Co. (NYSE:CLW) SVP Kari G. Moyes sold 1,132 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $23.98, for a total transaction of $27,145.36. Following the sale, the senior vice president now directly owns 81,439 shares in the company, valued at $1,952,907.22. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Clearwater Paper Stock Performance

Shares of Clearwater Paper stock traded up $0.33 during trading on Tuesday, hitting $24.37. 186,010 shares of the stock were exchanged, compared to its average volume of 285,230. The stock’s fifty day moving average is $28.44 and its 200 day moving average is $28.15. The stock has a market cap of $394.10 million, a PE ratio of 2.08 and a beta of 0.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 1.70. Clearwater Paper Co. has a 12 month low of $22.58 and a 12 month high of $57.13.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Thursday, February 13th. The basic materials company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.84). Clearwater Paper had a negative return on equity of 1.87% and a net margin of 10.54%.

Hedge Funds Weigh In On Clearwater Paper

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. boosted its position in shares of Clearwater Paper by 45.2% during the 3rd quarter. Pacer Advisors Inc. now owns 1,887,015 shares of the basic materials company’s stock valued at $53,855,000 after purchasing an additional 587,043 shares in the last quarter. Millennium Management LLC boosted its position in shares of Clearwater Paper by 1,102.7% during the 4th quarter. Millennium Management LLC now owns 429,264 shares of the basic materials company’s stock valued at $12,779,000 after purchasing an additional 393,572 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Clearwater Paper by 101.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 388,339 shares of the basic materials company’s stock valued at $11,561,000 after purchasing an additional 195,487 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Clearwater Paper during the 4th quarter valued at about $5,418,000. Finally, Cramer Rosenthal Mcglynn LLC boosted its position in shares of Clearwater Paper by 322.8% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 218,279 shares of the basic materials company’s stock valued at $6,498,000 after purchasing an additional 166,653 shares in the last quarter. Institutional investors own 89.98% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on CLW shares. StockNews.com raised shares of Clearwater Paper from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Royal Bank of Canada reissued an “outperform” rating and set a $37.00 target price on shares of Clearwater Paper in a report on Tuesday, February 18th.

About Clearwater Paper

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.