Clearwater Paper Co. (NYSE:CLW) SVP Kari G. Moyes Sells 1,132 Shares

Clearwater Paper Co. (NYSE:CLW) SVP Kari G. Moyes sold 1,132 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $23.98, for a total value of $27,145.36. Following the completion of the sale, the senior vice president now directly owns 81,439 shares of the company’s stock, valued at approximately $1,952,907.22. This trade represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Clearwater Paper Stock Performance

Shares of CLW opened at $24.37 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $394.10 million, a price-to-earnings ratio of 2.08 and a beta of 0.37. The stock has a 50 day moving average of $28.36 and a 200 day moving average of $28.08. Clearwater Paper Co. has a 12 month low of $22.58 and a 12 month high of $57.13.

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

Institutional Trading of Clearwater Paper

Large investors have recently bought and sold shares of the company. Paloma Partners Management Co purchased a new stake in Clearwater Paper in the third quarter worth $209,000. Virtu Financial LLC purchased a new stake in Clearwater Paper in the fourth quarter worth $217,000. D.A. Davidson & CO. increased its position in Clearwater Paper by 23.4% in the third quarter. D.A. Davidson & CO. now owns 7,900 shares of the basic materials company’s stock worth $225,000 after buying an additional 1,500 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new stake in Clearwater Paper in the fourth quarter worth $226,000. Finally, Graham Capital Management L.P. purchased a new stake in Clearwater Paper in the fourth quarter worth $238,000. 89.98% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Clearwater Paper Company Profile

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.