Peregrine Capital Management LLC Invests $4.33 Million in Clearwater Paper Co. (NYSE:CLW)

Peregrine Capital Management LLC purchased a new position in shares of Clearwater Paper Co. (NYSE:CLW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 145,393 shares of the basic materials company's stock, valued at approximately $4,328,000. Peregrine Capital Management LLC owned approximately 0.88% of Clearwater Paper as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. D.A. Davidson & CO. lifted its position in shares of Clearwater Paper by 10.1% during the 4th quarter. D.A. Davidson & CO. now owns 8,700 shares of the basic materials company's stock worth $259,000 after buying an additional 800 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Clearwater Paper by 2.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 44,161 shares of the basic materials company's stock worth $1,260,000 after buying an additional 1,117 shares during the last quarter. PEAK6 Investments LLC lifted its position in shares of Clearwater Paper by 15.5% during the 3rd quarter. PEAK6 Investments LLC now owns 9,127 shares of the basic materials company's stock worth $260,000 after buying an additional 1,227 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Clearwater Paper by 4.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 58,426 shares of the basic materials company's stock worth $1,739,000 after buying an additional 2,404 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Clearwater Paper by 16.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 35,762 shares of the basic materials company's stock valued at $1,021,000 after purchasing an additional 4,994 shares during the last quarter. Hedge funds and other institutional investors own 89.98% of the company's stock.

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Clearwater Paper Stock Performance

CLW stock traded down $1.51 on Friday, hitting $27.34. The company's stock had a trading volume of 353,779 shares, compared to its average volume of 283,283. The firm has a 50 day moving average of $29.72 and a two-hundred day moving average of $29.07. Clearwater Paper Co. has a 1 year low of $23.97 and a 1 year high of $57.13. The stock has a market cap of $452.90 million, a price-to-earnings ratio of 2.33 and a beta of 0.35. The company has a current ratio of 1.70, a quick ratio of 0.90 and a debt-to-equity ratio of 0.33.

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

Clearwater Paper declared that its Board of Directors has initiated a stock repurchase plan on Monday, November 4th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the basic materials company to repurchase up to 23.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $37.00 price target on shares of Clearwater Paper in a research report on Tuesday, February 18th. StockNews.com upgraded shares of Clearwater Paper from a "sell" rating to a "hold" rating in a research report on Monday, February 17th.

Clearwater Paper 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.